Mashable fires staff after £10.7m funding deal

Digital publication Mashable has laid off approximately 30 members of staff a week after receiving $15million (£10.7million) in funding, Politico reports.

Jim Roberts (Chief Content Officer) and Seth Rogin (Chief Revenue Officer) were also replaced by Greg Gittrich and Ed Wise respectively.

Mashable is now moving away from hard news coverage and will now focus on producing more video content about “digital culture”.  

Writing in a LinkedIn post, Pete Cashmore, Founder and CEO at Mashable, said: “Last week we announced a funding round to put Mashable on more platforms, including television. This new focus means we have to change the way our teams are organised, and involved some very tough
 decisions. While such decisions are part of running a business, they are never easy. Change can often be hard.