""Today's actions are a difficult but necessary step as we continue to evolve our business and prioritize investments that will help us continue to thrive in today's media environment. While days like these are tough, we are confident in People Inc.'s future and focused on our plans," Vogel said in the staff memo, noting the cuts will impact various departments."
""We are aggressively investing in new ways to connect directly with our users, and directly with our advertisers and partners, including a number of high profile projects that we have launched or are in the pipeline," he added. "This requires many new skills to take advantage of new opportunities. Over the last year, we've hired 320 people to help us drive growth in new areas and we currently have over 40 open roles that will infuse new expertise and capabilities across our brands and teams.""
People Inc. announced job cuts while emphasizing necessary changes to evolve the business and prioritize investments to thrive in today’s media environment. The company is investing in new ways to connect directly with users, advertisers, and partners through high-profile projects and is hiring to add new skills and capabilities. Over the past year People Inc. hired 320 people and currently has more than 40 open roles. The company employs roughly 3,700 people across more than 40 digital and print lifestyle brands and previously completed layoffs earlier this year.
Read at Axios
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