Gizmodo Media Group is losing CEO Raju Narisetti.
“With recent changes consolidating all business unit reporting lines of Fusion Media Group into Univision, my decision makes structural sense for GMG,” the former News Corp. executive and Washington Post managing editor told staff in a memo.
Gizmodo Media Group operates under Fusion Media Group; Univision is its parent company.
Narisetti added that he is leaving “with Univision's reluctant blessing.”
Narisetti was named CEO in September 2016 to lead the former Gawker Media properties (except for the shuttered Gawker.com) after they were sold to Univision in a bankruptcy auction and rebranded as Gizmodo Media Group.
Univision also acquired The Onion, The A.V. Club and ClickHole in 2016.
The Gizmodo Media Group newsroom will be overseen by editorial director Susie Banikarim, who will work with Sameer Deen, recently named the head of Univision Digital, to manage GMG, The Onion and Univision.com, according to Narisetti.
He noted that he did not yet "have a next adventure lined up,” but welcomed the “new experience” after three “nonstop” decades in the journalism industry.
The news of Narisetti's exit comes amid swirling rumors that Univision is planning to cut jobs across its portfolio to make room for investments in direct-to-consumer products and other technologies, per Axios.
Last November, Univision announced plans to let go of around 250 people and restructure the company, “in response to difficult times, challenging times,” Isaac Lee, Univision's digital, entertainment and news chief, told The Washington Post.