Dotdash Meredith, one of the largest media publishers in the United States, is laying off 143 employees, according to a memo from CEO Neil Vogel.
Vogel said the cuts would impact staff across multiple offices, TheWrap has learned. Impacted employees were given 1:1 meetings on Thursday to discuss the changes with human resources and business leaders.
“The media landscape is changing rapidly, and we must change along with it,” he 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.