Wednesday January 04, 2017

Medium Laying Off 50 Employees, Closing NY and DC Offices

Medium CEO Ev Williams announced today via this blog post that the company is laying off 50 people and closing down its DC and New York offices. Isn't this the same company that raised almost $140 million in funding earlier this year?

I’ll start with the hard part: As of today, we are reducing our team by about one third آ— eliminating 50 jobs, mostly in sales, support, and other business functions. We are also changing our business model to more directly drive the mission we set out on originally. Obviously, this is a tough thing to do, made tougher by the immense respect and love we have for these people who have helped make Medium what it is today.