Link in case kinja: https://www.adweek.com/digital/g-o-media-lays-off-14-people/

Doesn’t say who was cut, but apparently the union cuts were at The Onion, so hopefully the Jalopnik regulars are safe.

Advertisement

It’s a little counter-intuitive that ad revenue should be dropping when everyone is stuck at home browsing the internet, but I guess ad budgets are tight (certainly my retail company has slashed ad spending).

In any event, tip for Great Hill Partners: If G/O Media needs to cut costs further, consider how much you need to be spending on executive leadership, especially the sort that hollows out one of your most valuable sites, losing millions of dollars of value.

Share This Story

Get our newsletter