Ziff Davis Acquires Mashable For $50M, Lay Offs Expected

Mashable, Inc. filed a Workers Adjustment and Retraining Notification with the New York State Department of Labor on December 5. The notice indicates the digital media website will lay off 49 employees at its Fifth Avenue location.

Business Closing

Ziff Davis, a digital media subsidiary of J2 Global Inc., recently acquired Mashable for approximately $50 million. Mashable’s founder, Pete Cashmore, and editor-in-chief Jessica Coen will stay with Mashable under Ziff Davis’ ownership, according to a Nasdaq report.

The affected workers who have no bumping rights will be laid off on March 5, 2018, according to the filing.

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