At age 5½ Medium moves on with ⅓ less staff
For 5 ½ years Ev Williams has been the talk of the town with his medium publication. Medium offers authors the most elegant and manageable word processing on the Internet. Inclusive of publicizing and distributing the content.
With 60M readers per month, Medium is a rider in the storm of the recent wave of aggregators. With power and influence owed to those 60M readers and writers.
Thus far 2016 has been the year with the largest momentum for Medium. The Washington Post, even our US government use medium for promotional publications.
EV Williams reported that medium’s advertisement offering is dangerously softening the original basic idea. And that they must renew Medium’s focus. They are set on a suitable basic business model that isn’t detrimental to their basic idea. Offices in New York and Washington D.C. were closed and 50 employees were let go.