Mic.com announced that it would be laying off the majority of its editorial staff amid a cash crunch and talks of a possible firesale to Bustle chief Bryan Goldberg, a company rep confirmed to TheWrap on Thursday.
The news was first revealed by company CEO and co-founder Chris Altchek in a staff meeting this morning. Among those leaving included the website’s publisher, Cory Haik, who also emailed the staff this morning to announce her departure.
“It is with great sadness that I write to you this morning to resign my position as Publisher,” she wrote. “Our business models are unsettled and the macro forces at play are all going through their own states of unrest.”