REPORT: News company lays off 20 percent of staff amid advertising collapse

MAY 21, 2020

Below is a report that DML News gives a 4 OUT OF 4 STARS trustworthiness rating. We base this rating on the following criteria:

  • Provides named sources
  • Reported by more than one notable outlet
  • Does not insert opinion or leading words
  • Includes supporting video, direct statements, or photos

Click here to read more about our rating system.

As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by NYPost.com:

Atlantic Media, publisher of The Atlantic magazine, said it will cut about 20 percent of its staff in response to the advertising collapse tied to the coronavirus crisis.

Chairman David Bradley, a health care billionaire, revealed the news in a memo to staffers on Thursday.

The article goes on to state the following:

“This morning, we are informing 68 of our colleagues that we will not have a place for them on The Atlantic’s new course. The contraction affects mainly our events, sales and editorial staffs.”

Bradley said there will be “pay cuts for executives and a general pay freeze for the rest of the year” for the remaining staff.

To get more information about this article, please visit NYPost.com. To weigh in, leave a comment below.

Leave a comment

Your email address will not be published. Required fields are marked *