Overview

• 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.