New York Times ‘reorganizes’ The Athletic with layoffs
The Athletic, a sports subscription site, has announced layoffs affecting almost 20 writers and the reassignment of 20 others. The cuts amount to approximately 4% of the staff. The New York Times, which acquired The Athletic for $550m last year, is reorganizing the outlet. Despite The Athletic having 3.3 million subscribers, it has been hemorrhaging money, losing $7.8m last quarter, on top of other significant losses. A New York Times spokesperson has said that the site will still have over 100 team-specific beat writers and expects the newsroom to be larger by the end of the year.
FAQs
What is The Athletic?
The Athletic is a sports subscription site.
Why has The Athletic announced layoffs?
The outlet has been losing money, and the move is part of a reorganization by the New York Times, which acquired the outlet last year.
How many people were affected by the layoffs?
Approximately 20 writers were laid off, and another 20 were reassigned to different beats.
How many people work for The Athletic?
The outlet has not revealed the size of its workforce.
How many subscribers does The Athletic have?
The Athletic has 3.3 million subscribers.
Will The Athletic still have beat writers?
Yes, the outlet will still have over 100 team-specific beat writers.
Will The Athletic’s newsroom be larger by the end of the year?
According to a New York Times spokesperson, the outlet expects its newsroom to be larger by the end of the year.
The Athletic undergoes a restructuring with layoffs, states New York Times.
The Athletic, a sports subscription site that was acquired by the New York Times for $550 million last year, has announced a round of layoffs. The cuts will see almost 20 writers, or around 4% of the staff, let go and another 20 reassigned to different beats, according to multiple reports. While the publication still has 3.3 million subscribers, it lost $7.8 million in the last quarter. An internal memo obtained by the Washington Post said that there will be some adjustments away from local beat reporting to focus more on “leaguewide” stories, although there will still be more than 100 team-specific beat writers.