Dotdash Meredith to lay off 143 people

• Dotdash Meredith grew headcount by 170 people in 2024, despite laying off 53 positions in November.

The big picture: Media companies are under enormous pressure to streamline their businesses amid a more tempered ad market and new threats from AI.

• Dotdash Meredith struck a major licensing deal with OpenAI last year.

Zoom in: The cuts will impact employees across multiple offices, Vogel wrote.

• Impacted employees will receive 1:1 meetings Thursday morning with HR and business leaders to discuss the changes.
• Dotdash employs roughly 3,700 people across the country. It houses more than 40 digital and print lifestyle brands.

What they're saying: "The media landscape is changing rapidly, and we must change along with it," Vogel wrote.

• "As we have talked about, we will be significantly increasing investment in projects that help us connect directly with our audiences and connect directly with our advertisers, which we believe are our biggest opportunities.
• "Today's actions, while never easy, allow us to better align our investments with these goals."

Of note: A company spokesperson confirmed the cuts, and said the key growth areas Dotdash Meredith will invest in include its entertainment group, its food group, and its ad tech arm D/Cipher.