Axios informed staffers on Tuesday that 50 people at the company would be laid off because of "tectonic shifts" in the American media industry. Axios, which launched in 2016 and quickly emerged as a significant player in political news, uses brief articles with bullet points to help readers easily digest information. Axios CEO Jim VandeHei sent a memo informing staffers they would be out of work using the outlet’s signature "smart brevity" style.
Axios declined further comment. GET FOX BUSINESS ON THE GO BY CLICKING HERE Several Axios staffers have shared on social media that they have been impacted. It’s been a rough year for the media industry, with the Los Angeles Times, Tampa Bay Times, CNN, The Daily Beast and Vice among the outlets that have reduced headcount.