Dotdash Meredith Cuts 53 Jobs in Print as Part of Digital Shift

53 individuals have been laid off by Dotdash Meredith which is the publishing company that owns publications like individuals and Entertainment Weekly as per the story released by Axios on Thursday.

The layoffs impact roughly 1.5% of Dotdash Meredith’s employees. According to Axios, which saw an email sent to staff by CEO Neil Vogel about the changes, the majority of the cuts will impact staff connected to the company’s print division. The layoffs affect roughly 1.5% of Dotdash Meredith’s employees. 

Vogel wrote in the email, “While we are incredibly proud of our print products and our subscriber bases are stable (or in some cases even growing), the print advertising business remains challenged. Today’s actions are directly in response to this.”

Vogel allegedly added that the business is “not closing any print magazines” and has no plans to do so anytime soon.

Axios noted that the cuts occur as, “Dotdash has pushed to digitise and modernise Meredith’s magazine brands by investing in new business efforts like e-commerce and licensing.”

Its strongest brands such as Food & Wine, Better Homes & Gardens and People, have been given more attention as part of that strategy.

In 2021, DDM’s parent firm IAC paid $2.7 billion to acquire a few dozen Meredith stores and 274 employees or roughly 7% of Dotdash Meredith’s workforce at the time were fired in early 2023.

A request for comment from TheWrap was not immediately answered by Dotdash Meredith. TheWrap originally published the article Dotdash Meredith Reduces 53 Jobs as Print Business Remains “Challenged.”