Mashable sealed the deal in its acquisition by publisher Ziff Davis for a fire sale price of less than $50 million this week and wasted no time to retrench staff in its global offices including its Asia Pacific base in Singapore.
While Mashable’s new owners plan on keeping the site up and running, Recode reported that it was laying off 50 staff while offering others jobs at publications run by Ziff Davis, according to an unnamed source.
Mashable founder Pete Cashmore is expected to remain with the company.
In a letter to staff, Cashmore said: “At our last meeting, you asked whether there would be changes to the organisation post-acquisition. Unfortunately, I must confirm that this will be the case.”
“It is never easy to see colleagues and friends depart the company.”
Citing an unnamed source from the company, Channel NewsAsia reported that Mashable Asia will close.
Its editor Victoria Ho was among other Mashable staff who announced their departures on Wednesday (Dec 6) over Twitter.
As for me, I can’t thank my timezone buddies more for the warmest work environment. You don’t know how much I’ll miss it. Best boss @TheRealKSD and thank you @nycjim and @AmandaWills for hiring me to start things 2.5 years ago. Truly grateful.
— Victoria Ho (@vickiho) December 6, 2017
I was laid off from @Mashable today. Grateful to all my awesome coworkers who made it an amazing 3 years. Also if anyone is looking to hire an advertising/tech/business reporter I’d love to hear about it
— Patrick Kulp (@PatrickKulp) December 5, 2017
I was terminated today at Mashable. Mashable was an amazing place to cut my teeth as a games writer and ad sales analyst. I had a really unique opportunity to work in both roles at the same place. If anybody is looking for either of those things though, I’m all ears 🙂
— Young Icarus (@PatchesAloha) December 5, 2017
Mashable brought me to LA and to some of the most talented, creative, and funny humans I’ve met. Not only trusted colleagues but now some of my closest friends. I’ll always be grateful for that.
On that note, anyone need a talented manager/editor/video gamer for their team?? 😀
— Tina Amini (@TinaAmini) December 5, 2017