Axios Lays Off 10% of Staff Amid Media Industry Changes

CEO Jim VandeHei cites evolving reader habits, AI advancements, and increased competition as key factors in the decision.

The layoffs affect 50 employees, including local reporters and members of the visuals team.
This marks the first layoffs in Axios' seven-year history, following its 2022 acquisition by Cox Enterprises.
VandeHei emphasized the need to adapt to 'tectonic shifts' in media and technology.
Despite the cuts, Axios plans to expand its national news coverage and local news initiatives.
The media industry overall is facing financial challenges, with several outlets reducing staff this year.