‘The Athletic’ Lays Off 8% of Staff

The impact of the COVID-19 pandemic and the resultant shutdown of sports continues to affect the sports media industry.

Management at The Athletic told its staff on Friday that it would reduce it by eight percent and implement salary reductions, The New York Post confirmed.

Axios first reported the news. It said that 46 people would be let go. A source told The New York Post that the audio department would be impacted as a result of podcast advertising being down. One of its original big hires, Armen Keteyian had already left months ago.

According to The New York Post, those making $55,000 to $150,000 would receive a 10 percent decrease, while $150,000-199,999 would take a 15 percent cut. Those with salaries more than $200,000 would take a 20 percent cut. The cuts are through the end of this year.

Co-founder and CEO Alex Mather says that the company is preparing “for the strangest six months in sports history,” noting shortened seasons, play-in tournaments, round-robins, no fans, insanely short off-seasons, hub cities, and bubble cities.

Mather says the founders assessed every part of the business with two criteria in mind: 1) Whether that line of business could drive subscriber growth and engagement; and 2) Whether it could be sustainable on its own long-term.

Mather notes that the layoffs and pay cuts are a last resort and that the company did try to control burn “through reduced travel, freelance cutbacks, extreme cutbacks on marketing spend, and deep pay cuts for our entire HQ leadership team.”

By Jon Sorensen

About Jon Sorensen

Jon has been a Caps fan since day one, attending his first game at the Capital Centre in 1974. His interest in the Caps has grown over the decades and included time as a season ticket holder. He has been a journalist covering the team for 10+ years, primarily focusing on analysis, analytics and prospect development.
This entry was posted in News and tagged , . Bookmark the permalink.

1 Response to ‘The Athletic’ Lays Off 8% of Staff

  1. Diane Doyle says:

    This is not good news for the sports reporting industry at all.

Leave a Reply

Your email address will not be published.