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Photo: Robert Alexander/Getty Images

The Atlantic is laying off nearly 20% of staff, according to an internal note from David Bradley, the publication's chairman, that was obtained by Axios.

Why it matters: It's the latest media company that's been been forced to take drastic measures to survive the economic fallout from the coronavirus pandemic.

The state of play: The 68 staff cuts are mostly attributable to the collapse of the company's events business, which was one of its strongest pillars for many years.

  • In the memo, Bradley says that sales, editorial and events staff are all impacted.
  • "There is no fault on the part of people leaving the firm.  What makes this so particularly difficult is that these are exceptional and beloved Atlantic colleagues.  They are exactly the same good people who were selected to join us at the outset.  Measure for measure, they have contributed to The Atlantic as have those who are remaining. It is only that the ground has shifted," Bradley wrote in his note to staff.
  • "I had thought that I would spend some substantial part of this memo explaining the reasoning behind our decision. But, I think it may speak for itself. The particular timing is clear — a global pandemic that has shuttered the economy generally, advertising acutely, and in-person events altogether," he added.

Between the lines: The Atlantic's new majority ownership stake from Emerson Collective, the impact investment vehicle owned by Laurene Powell Jobs, has allowed the company to accelerate its growth in recent years, including a major staff increase and expansion that began in 2018.

The big picture: The pandemic is forcing dozens of major media companies, including newer, digitally-native media companies and older magazine companies, to carry out layoffs and pay cuts.

  • The Atlantic joins The Hollywood Reporter, Fortune, Billboard, The Economist Group, Group Nine Media, BuzzFeed News, Vox Media, Bustle Digital Group, Cheddar, Maven Media, G/O Media, Protocol and others who have resorted to layoffs and furloughs.

Go deeper

America's rush for young poll workers

Note: Colorado is a mail-in ballot state, but they also offer in-person polls.; Map: Danielle Alberti/Axios (Clickable link)

Local elections officials are sprinting to recruit younger poll workers ahead of November after elderly staff stayed home en masse to avoid coronavirus during primary elections.

Why it matters: A Pew Research analysis reports that 58% of U.S. poll workers in the 2018 midterms were 61 or older. Poll worker shortages can cause hours-long voting lines and shutter precincts.

Updated 2 hours ago - World

HRW: Over 100 former Afghan security members dead or missing under Taliban rule

Members of the Taliban movement patrol Kabul's airport in September. Photo: Valery Sharifulin/TASS via Getty Images

The Taliban have "killed or forcibly disappeared" over 100 former members of Afghanistan's security forces since the group took power in August, a Human Rights Watch report published Tuesday found.

Why it matters: Former military members and officials from the ousted government, activists and other Taliban critics are facing peril amid executions driven by revenge — despite Taliban promises of an "amnesty" with no retributions, notes the New York Times, which first reported the news.

5 hours ago - World

Barbados becomes a republic, replacing U.K. queen with president

Combination images of Dame Sandra Mason, president of Barbados, and Britain's Prince Charles at her swearing-in ceremony in Bridgetown, Barbados, late Monday.

Barbados officially became a republic at midnight local time after Dame Sandra Mason was sworn in as the Caribbean nation's first president in a ceremony attended by the United Kingdom's Prince Charles.

Why it matters: Mason replaced Britain's Queen Elizabeth as head of state Tuesday — removing the country's final remaining colonial tie to the U.K. almost 400 years after the first British ships arrived in Barbados.