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Digital Media Company Popsugar Lays Off 19 Amid Financial Struggles
 

Digital Media Company Popsugar Lays Off 19 Amid Financial Struggles

Digital Media Company Popsugar Lays Off 19 Amid Financial Struggles Popsugar is the latest digital media company to reduce its staff. The producer of lifestyle, fashion, beauty, and pop culture content has delivered pink slips to 19 employees, according to The Hollywood Reporter. Those cuts represent "roughly 5%" of the company's team. While some companies offer cryptic justifications for layoffs, Popsugar isn't beating around the bush: Its job cuts are due to monetary concerns. "This was done to achieve profitability," a company spokeswoman told THR. As part o... read more

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