Top editor to leave IBT Media amid layoffs
IBT Media editor in chief Peter Goodman is leaving the company as it executes a round of layoffs, POLITICO Media has learned.
Three current IBT staffers said that editors at the site have been meeting with reporters this week to let them know that Goodman is leaving and the company will be undergoing significant layoffs.
At least fifteen editorial employees were laid off on Thursday. They include: enterprise editor John Simons, deputy tech editor Paul McDougall, social media editor James Sienkievic, Silicon Valley correspondent Salvador Rodriguez, tech reporters Luke Villapaz and Mike Brown, national security reporter Jeff Stone, national political reporter Andrew Perez, labor reporter Cole Stangler, defense reporter Chris Harress, religion reporter Ismat Sarah Mangla and breaking news reporters Adam Lidgett, Sarah Berger, Aaron Morrison and Jackie Salo.
Many of those laid off learned of their status when they received calls to their desk phones summoning them to meetings. One employee, who was away from their desk, received a text message asking them to report to the boardroom.
Newsweek, which is owned by IBT Media, was not affected by the layoffs.
Re/code was the first to report that layoffs were occurring today.
Goodman, the former executive business and global editor at The Huffington Post, joined IBT Media as editor in chief in March 2014, exactly two years ago.
The layoffs come one week after IBT Media won three "Best in Business" awards (and was a finalist for a fourth) from the Society of American Business Editors and Writers. The four awards put it ahead of The Wall Street Journal, CNBC and the AP.
Earlier this month, two IBT Media staffers said, the company let go of its senior V.P. of sales, who had joined the company last August.
Goodman and IBT Media did not immediately respond to requests for comment. Hammer could not be reached for comment.
Shortly before 7 p.m., IBT Media co-founders Johnathan Davis and Etienne Uzac sent a memo to employees about the layoffs and Goodman's departure:
Over the past few months we have been strategically restructuring the company in order to adapt to the changes in the market and to insure IBT Media has a strong path to continued growth. In these ever shifting and challenging times within our industry, we are responsible for sustaining and reinventing our company as best we can.
These changes are concluded as of today. We are thankful for and deeply appreciative of the contributions made by the people who are leaving.
In addition, Peter Goodman informed us that he will be leaving the International Business Times. We thank Peter for his time here, which is capped off by four 2016 SABEW awards for outstanding business journalism.
Peter will continue to guide the newsroom as the transition comes to an end.
If there are any questions please feel free to reach out to us.
Johnathan and Etienne
This article has been updated to add the names of those laid off and the memo from IBT Media's co-founders and to clarify how laid off employees learned about their status.