Recurrent Ventures, a private-equity-backed digital media company, is letting go of staff across several editorial brands, a company spokesperson confirmed to Insider.
The company operates publications that cover topics like science, outdoor living, and automobiles, including Popular Science, Field & Stream, The Drive, and Dwell.
Among Recurrent's brands, Popular Science, a legacy science and technology magazine, was heavily impacted by Monday's cuts.
"As consumer trends shift it's important we prioritize investment in new formats," the Recurrent spokesperson told Insider.
"Like most media companies, Recurrent is adapting to the evolving landscape of its audience," the spokesperson said.
Persons:
Alex Vargas, Andrew Perlman, Perlman, MEL, Conde Nast, Alex, I'm, I've
Organizations:
Popular Science, Axios, GM, Service, Corporate, Commerce, GMs