TheSkimm

TheSkimm, a millennial-focused newsletter publisher, laid off approximately 22 employees, representing about 13% of its workforce, in early May 2023. This marked the company's second round of cuts this year, following a previous layoff of 17 people in January. The affected roles included top sales executives and creative leaders. The layoffs are attributed to a persistently challenging advertising market, with digital media facing significant revenue declines. Founded in 2012 and based in New York, TheSkimm expanded from its core newsletter into podcasts and other content but has struggled to diversify revenue and secure new funding amid slowing growth.

In mid-January 2023, digital media company TheSkimm laid off nearly 10% of its workforce, affecting approximately 17 employees across writing, editing, production, and marketing roles. This reduction comes amid a challenging economic climate that has triggered widespread layoffs across the media industry, including at major outlets like The Washington Post and BuzzFeed. Founded in 2012 and based in New York, TheSkimm, which targets millennial women with its newsletters and expanded content, last conducted significant layoffs in 2020 during the pandemic. The company, backed by investors such as GV and Disney, continues to operate but is navigating the same advertising and economic pressures impacting the broader digital media sector.

TheSkimm laid off 26 employees representing approximately 20% of its workforce on 2020-05-01.