The media company Forbes has announced staff reductions affecting a portion of its employees. These cuts are a direct response to revenue shortfalls experienced in the first half of the fiscal year. CEO Sherry Phillips stated that the company is reallocating resources to focus on high-growth areas. The exact number of employees impacted and specific departments affected were not disclosed. Affected staff members have reportedly been informed of the changes.
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https://www.thewrap.com/media-platforms/journalism/forbes-layoffs-revenue-shortfall/