Forbes Layoffs: Publisher Cuts Small Percentage of Staff Amid First-Half Revenue Shortfalls

Forbes Layoffs: Publisher Cuts Small Percentage of Staff Amid First-Half Revenue Shortfalls

Forbes is cutting a small percentage of its staff across business lines following first-half revenue shortfalls, CEO Sherry Phillips confirmed in a Friday memo. Citing ad-market pressures and shifting habits, the publisher is reallocating resources to high-growth areas. 'These decisions are never easy, and we are committed to supporting the employees affected by these changes,' the spokesperson said. Forbes Layoffs: Publisher Cuts Small Percenta…

Forbes Cuts ‘Small Percentage’ of Staff After Revenue Shortfalls

Forbes is laying off a “small percentage” of its staff after revenue shortfalls in the first half of the fiscal year.

Forbes says it's cutting "a small percentage" of staff, citing H1 revenue shortfalls and changing audience habits, but doesn't say if editorial roles were cut (A.J. Katz/The Wrap)

A.J. Katz / The Wrap: Forbes says it's cutting “a small percentage” of staff, citing H1 revenue shortfalls and changing audience habits, but doesn't say if editorial roles were cut  —  CEO Sherry Phillips cites advertising pressure, changing audience behavior and strain on traditional media models