IBTimes Lays Off Over 30 Staffers, More Losses Expected at Newsweek (Report)

Parent company IBT Media is in the midst of “restructuring”

IBT Media
IBT Media

IBT Media has laid off staffers for the second time in a matter of months, Recode reported.

On Thursday, more than 30 reporters and editors at IBTimes were let go, including editor Michael Learmonth and media reporters Oriana Schwindt and Brendan James, as the company shut down entire sections of operation. In January, IBT’s newsroom consisted of 85 staffers, but it is now around 23.

IBT Media also owns Newsweek, which Recode predicts will lost five to 10 staff members Friday.

The company has described the situation as a “restructuring,” which includes “siloing Newsweek from the other IBT Media sites.

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