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Group Nine Media CEO Ben Lerer. Photo: Roy Rochlin/Getty Images

Group Nine Media, which includes digital lifestyle brands like The Dodo, NowThis, Thrillist, Seeker and PopSugar, is laying off 7% of its employees, according to sources familiar with the cuts. A smaller percentage of employees will be furloughed.

Why it matters: It's one of the many media companies that's been forced to take drastic measures to survive the economic fallout of the coronavirus.

Details: The cuts are companywide, according to a source familiar with the situation. They will impact people who work across most of the company's individual publishing brands, as well as people who work in shared services.

  • A little over 700 people will be employed at Group Nine Media after the cuts, meaning that around 50 people in total will be laid off.
  • Several employees began tweeting about getting laid off on Tuesday, including at least two food editors.

Between the lines: Group Nine Media CEO Ben Lerer announced two weeks ago that the company would be taking measures to ensure economic stability during the crisis, but layoffs were not announced at the time.

  • What was announced was that the company would be reducing the compensation of the executive leadership team, including brand leads, by roughly 25% for the remainder of 2020. Lerer would give up about six months' worth of pay.
  • The company said it had frozen all open roles and backfill positions and had eliminated its summer internship program for 2020.
  • It said it had drastically cut other areas of discretionary spending including content promotion and was pausing all nonmandatory merit increases across the entire organization until further notice — stating that the environment wasn’t one in which they could responsibly give these raises. The company said it was temporarily suspending matching on its 401(k) starting April 1.

The big picture: Group Nine Media is far from alone in taking drastic steps to survive this crisis. The pandemic is forcing dozens of major media companies, including newer, digitally native media companies, to carry out layoffs and pay cuts.

Go deeper:

More about Group Nine Media:

Go deeper

In cyber espionage, U.S. is both hunted and hunter

Illustration: Eniola Odetunde/Axios

American outrage over foreign cyber espionage, like Russia's SolarWinds hack, obscures the uncomfortable reality that the U.S. secretly does just the same thing to other countries.

Why it matters: Secrecy is often necessary in cyber spying to protect sources and methods, preserve strategic edges that may stem from purloined information, and prevent diplomatic incidents.

59 mins ago - Politics & Policy
Scoop

White House plots "full-court press" for $1.9 trillion relief plan

National Economic Council Director Brian Deese speaks during a White House news briefing. Photo: Alex Wong/Getty Images

The Biden White House is deploying top officials to get a wide ideological spectrum of lawmakers, governors and mayors on board with the president’s $1.9 trillion COVID relief proposal, according to people familiar with the matter.

Why it matters: The broad, choreographed effort shows just how crucially Biden views the stimulus to the nation's recovery and his own political success.

59 mins ago - World

Scoop: Sudan wants to seal Israel normalization deal at White House

Burhan. Photo: Mazen Mahdi/AFP via Getty

Three months after Sudan agreed to normalize relations with Israel, it still hasn't signed an agreement to formally do so. Israeli officials tell me one reason has now emerged: Sudan wants to sign the deal at the White House.

Driving the news: Israel sent Sudan a draft agreement for establishing diplomatic relations several weeks ago, but the Sudanese didn’t reply, the officials say. On Tuesday, Israeli Minister of Intelligence Eli Cohen raised that issue in Khartoum during the first-ever visit of an Israeli minister to Sudan.