• by Ray Schultz , July 21, 2025

Fortune Magazine has laid off an estimated 10% of its staff as part of “hard organizational changes to prepare Fortune to endure and thrive in the years ahead,” Anastasia Nyrkovskaya, the CEO of Fortune magazine, said in a memo to the staff on Monday.  

Nyrkovskaya noted that “the business landscape is changing rapidly, between the onset of AI, the resulting decline of website traffic trend, and the rise of audio and video as popular formats. Sustainable media business models need to change along with it.”

She continued: “We need to build a more efficient organization, streamlining collaboration across our business units, sales, and editorial teams. It also requires tough decisions on the size of our organization, and the result is a reduction in our total global workforce of approximately 10 percent.”

Over 30 people lost their positions, judging by an analysis from The Wrap.  

Nyrkovskaya added: “Moving forward, our strategy is to cultivate our premium franchise communities and deliver premium editorial content to them. We will be leaning into premium coverage of key Fortune 500 industries and into events that serve business leaders, such as our Most Powerful Women franchise, which we established 28 years ago. Our mission remains to be an indispensable resource for Fortune 500 companies and their executives.”