Confirmed, SAY Media Exits Media Business, Layoffs Hit Canada

BY: 

Dave Forde
December 9, 2014

SAY Media1Last month SAY Media announced further plans to adjust their business model get our of the media business as they continued to sell off properties they owned such as ReadWrite and xoJane. The company has been in a shift for over a year, you may recall back in May 2013 they laid off 10% of their workforce.  Last week they announced further changes as SAY bought out its existing investors in hopes to return as a publishing platform, after completely selling off all of its media properties.

We had a number of readers ask us whether the changes at SAY’s headquarters would also impact the team here in Canada and we can now confirm that they will in fact have a small bearing on Canada, according to a media contact we reached out to:

“With this kind of shift, it was expected that certain skill sets would no longer be essential to operations and we eliminated a handful of positions directly related to the support of the properties that we are divesting. On the flip side, we are hiring for more positions than we’re eliminating. Most of these new roles are in engineering, design and product.”

No word on how much it cost SAY Media to buyout its investors.

Join your peers!

Get news, tips and other industry news delivered into your inbox for FREE!

Related Stories:

Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


>