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Fast Company Lays Off 20 As Digital Folds Into Print Operations; Sussman Leaving

This story was written by Staci D. Kramer.
Layoffs at Mansueto Ventures, specifically the digital side of Fast Company, the result, we're told, of a decision to fold Mansueto Digital into the company's print operations. At the same time, digital head Ed Sussman is leaving to be CEO at a start-up. (More on that to come.) Twenty employees, primarily in online and marketing, have been laid off, according to Valleywag. Earlier this year, Fast Company ramped up on digital, hiring high-profile Robert Scoble and launching Fast Company TV. At the same time, Fast Company launched a sweeping social media initiative. Scoble stays on but will report to Fast Company magazine editor Bob Safian, who adds responsibility for Scoble wrote about the news this afternoon.

By Staci D. Kramer