Say Media Lays Off 10 Percent Of Staff, Aims For Profitability In Second Half Of 2013

Matt Sanchez, co-founder and CEO of Say Media (which owns sites like xoJane, ReadWrite, and Dogster), just told me that the company has laid off about 10 percent of its 400-person staff. Sanchez described this as part of Say's transformation from an ad network to "a digital media company." The company isn't getting out of the ad network business completely, but that part of Say is relatively mature and that the company's focus should be on the content side. The layoffs, Sanchez said, were really about looking "at all parts of the business except for sales and our content organization" and bringing them in line with that vision.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/1DrMkf5zvf0/

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