Axios announced it’s laying off 10% of staff in a ‘cringe’ branded memo. That’s not the worst part

The job cuts were announced in a memo from the CEO cleverly formatted like an Axios newsletter, with bullet points and a section on ‘why it matters.’

On Tuesday, Axios revealed it would be laying off 50 employees, or about 10% of the media company’s staff, in the largest round of layoffs since Axios’s founding in 2016. The job cuts were announced in an internal memo from CEO Jim VandeHei cleverly formatted like an Axios newsletter.