Twitter founder Evan Williams on Wednesday (4th) announced that it will cut Medium 3 in 1 blog platform staff, staff of about 50 people, and closed two offices in New York and Washington.
According to the Forbes report, Williams announced the news on the blog, said the main reasons for layoffs, and online ad sales system is broken, Department of redundancy are mainly sales, logistics and other operational departments, and the engineering and product teams remain. Medium in 2012 by Williams, who founded online publication and offered to "define a new mode" to better serve the consumer.
Since its launch, although popular, attracting many talented content producers, each relying on advertising new media but still face common challenges-the lack of a steady income. Williams said driven online advertising media, has expired.
People consume the vast majority of articles, directly or indirectly paid for by these companies, but these companies for their goal to provide funding according to their contribution to the objectives of proposed incentives, so can't make people get better results.
Many people think that Medium in 2016 to be quite successful, since its inception, Medium has raised more than $130 million, there are reports that previously, the company valued at 600 million dollars, suddenly cut, was surprised by the market. Williams did not show that the new strategy for the future of the company, or of the impact on revenue. Williams said that may take a long time to find a new model to support the network of writers and creators, currently defined for this mode are still premature.
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