Revolt Media and TV, owned by Sean Combs, has laid off 50 employees (one-third of its staff) from its New York and Los Angeles offices. The decision, according to Variety, is so the business can transition from content production to delivering a wider range of short-form and long-form content covering fashion, lifestyle, social justice, comedy and art.
Revolt’s CEO Roma Khanna wrote in a memo to staffers Tuesday, May 8, that the change “is about strength and growth.”
“We will work with more outside voices, producers and influencers while maintaining a strong editorial core in-house,” wrote Khanna. “We will also create a more healthy and stable business base from which we can grow. And we will continue our proud record of being over 65 percent culturally diverse and nearly 50/50 gender balanced.”
“Change can be difficult…As one of a very small handful of networks owned and controlled by the African-American community, we need to ensure we remain fiscally strong so that we can continue to authentically represent the culture,” Khanna wrote.
The company, which owns the Revolt TV linear cable channel, plans on keeping its linear cable distribution with the intent of becoming “a hip-hop lifestyle brand.”