The layoffs were announced internally this morning via email
to produce articles, the company is doing extensive layoffs that include several longtime employees, according to multiple people with knowledge of the situation. The layoffs total around a dozen people, aThe layoffs began Thursday morning and were announced internally via email by Red Ventures, the private equity-backed marketing-turned-media company that boughton areas where the site can succeed at bringing in traffic on Google search — a top priority for the company.
“To prepare ourselves for a strong future, we will need to focus on how we simplify our operations and our tech stack, and also on how we invest our time and energy,” wrote Carlos Angrisano, president of financial services at Red Ventures.Angrisano says implicitly what Red Ventures’ — and’s — focus will be going forward: coverage areas where the company has “a high degree of authority, relevance, differentiation” and can “make a large difference in the lives” of audiences.
“But those sections are shadows of what they once were, particularly home,” the staffer says. “If you want to do that section the right way, you don’t sell off your Smart Home, get rid of its video team and cripple your editorial staff.”had published dozens of articles since last November that were generated using AI tools, much to the surprise of readers — the outlet hadn’t formally announced it was doing so. Other Red Ventures-owned properties, Bankrate and CreditCards.
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