Layoffs Hit Recurrent Ventures Media Company: Leaked Memo

Leandro Mortenegro

Layoffs have hit Recurrent Ventures, the private-equity-backed owner of digital media properties including Popular Science and The Drive. The cuts come shortly after Recurrent shuttered lifestyle site MEL. One current employee said staffers were “totally surprised.” Recurrent Ventures laid off staffers on Wednesday, according to a memo obtained by Insider.  […]