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entertainment media/telecom

The Atlantic Cuts 17% of Staff

By
Jessica Toonkel
· · Source: The Information

The Atlantic is laying off 68 employees, or 17% of its staff, as the publication has seen big losses in its advertising and events businesses the publication’s owner, David Bradley, said in a memo. The company will also be implementing pay freezes for everyone and pay cuts for executives. The Atlantic had adopted a subscription model last fall and gained 90,000 new subscriber since March,...

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