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Gawker Media to lay off 14 percent of editorial staff

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Old Oct 3, 2008, 03:38 PM   #1
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Gawker Media to lay off 14 percent of editorial staff
The financial crisis strikes again: Successful New York-based blog network Gawker Media will be laying off 19 of its 133 editorial staffers, according to an internal e-mail from publisher Nick Denton. The company will be additionally suspending its bonus payments to writers and editors, but will be increasing their base pay and making some strategic hires at the company's most successful blogs.
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