Bale writes, “[Rafat] Ali and his co-founder Jason Clampet moved fast, firing more than a third of staff (many of whom had only been hired relatively recently and were part of an ambitious growth programme) and closing physical offices everywhere — offices they’ve decided they’ll never return to.
“‘If it wasn’t exhausting, it was exhilarating,’ Ali said. ‘The energy that we were generating among all of us but particularly Jason and I as the co-founders. We had to be decisive. Decisions have to be made and we move on.’
“It really was touch and go, and Ali acknowledges Skift might not have made it.
“‘I had to lay off one-third of the team, take it down to 38. We sacrificed Asia, Southeast Asia, four people in Singapore, we shut our offices down,’ Ali said. ‘We really were three weeks away from running out of money at some point in April 2020.'”
Read more here.
Crain's Chicago Business is a leading source of news, analysis, and information on the business,…
Emma Sandler has been hired as associate editor at Agenda, a publication under the FT…
Cablefax Daily interviewed Fox Business Network anchor Liz Claman on her induction into the Cable Hall…
BBC News has hired Charlotte Edwards as a reporter covering money, work and technology. She previously was…
Reuters has promoted Hatem Maher to deputy breaking news editor for the Middle East. Maher has been…
Canada's Financial Post has hired Ben Cousins as a senior editor. He has been working as a…