Jason Fell of Folio reports that The Deal is cutting 10 percent of its staff, or about 15 positions.
Fell writes, “The cuts were company-wide and represented roughly 15 employees. Prior to the layoffs, The Deal employed more than 150 employees — including 75 full-time staffers, the company said.
“In addition to The Deal magazine, other products produced under The Deal umbrella — which serves corporate and financial dealmakers, advisers and institutional investors — include The Daily Deal and TheDeal.com. In October, The Deal launched The Deal Pipeline, a subscription-based real-time news site.
“Launched in 2000, The Deal is a privately held company owned by invesment funds including U.S. Equity Partners and Wasserstein and Co.”
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