Gizmodo and The Onion’s New Owner Lays Off 25, Including Top Editors
G/O Media, the newly formed company comprised of the assets of the former Gizmodo Media, will lay off 25 employees, according to a memo that company CEO Jim Spanfeller sent to staffers on Tuesday.
“Today was a tough moment in the very new life of G/O Media. But it was a necessary step. Life is about constant change. Sometimes that change is slow, and other times it is blindingly fast,” began the memo, sent to staffers of Gizmodo, The Onion, Deadspin, Jezebel, Splinter and several other websites that private equity firm Great Hill Partners acquired last month from Univision. “Today we have parted company with approximately 25 teammates from all facets of our operations.”