HuffPo & Upworthy Downsize
Layoffs hit both media companies as they try to keep up with the evolution of video.
As the world of online and mobile video continues to fragment, the shifting landscape is requiring media companies to be more nimble to keep up. That has led to a series of layoffs and restructurings at several media outlets, including The Huffington Post and Upworthy.
Huffington Post founder Arianna Huffington, whose company is owned by AOL (which was itself acquired by Verizon last year), sent out a memo to employees on Friday saying the company is shifting its approach to video.
Read more.