Axios eliminating roughly 50 positions because of ‘tectonic shifts in the media’ industry

Axios informed staffers on Tuesday that 50 people at the company would be laid off because of "tectonic shifts" in the American media industry.

Axios, which launched in 2016 and quickly emerged as a significant player in political news, uses brief articles with bullet points to help readers easily digest information. Axios CEO Jim VandeHei sent a memo informing staffers they would be out of work using the outlet’s signature "smart brevity" style. 

"We’re making some difficult changes...