Layoffs Hit The Athletic as Numerous SB Nation Staffers Accept Buyouts

Subscription-based sports startup The Athletic has laid off several-dozen staffers and implemented company-wide pay cuts on Friday, while several editors, writers and producers at Vox Media's sports site SB Nation have accepted buyouts. In total, 46 staffers were laid off at The Athletic, a figure confirmed by basketball writer Brett Dawson, who said he was among those let go. That amounts to about 8% of the The Athletic's staff, the company said. "With sports on pause due to the ongoing pandemic, today we made the difficult decision to reduce the size of our staff in select coverage areas, affecting approximately eight percent of employees," The Athletic said in a statement. "While we are hopeful that sports will soon resume, this measure was necessary to ensure that the company can weather the uncertainty that lies ahead. Overall, our subscriber base remains steady and we are proud of our newsroom's continuing coverage of the return of sports." Axios, which first reported the news Friday afternoon after obtaining an internal memo, adds that those laid off will be given four weeks of severance pay, and that "most" employees remaining with the site will be taking a 10% pay cut for the rest of the year, with those earning more than $150,000 subject to higher cuts. It's unclear which coverage areas, specifically, The Athletic chose to cut from, but writers covering the NBA, NFL and college football are confirmed to be among those impacted. Meanwhile, numerous editorial... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-06-05 17:49:09 UTC ]
News tagged with: #lies ahead #internal memo #college football #hard hit #sb nation #citing sources #late april

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