Newsletter Startup Substack Lays Off Roughly 14% of Company — What Is the Reason?
In recent weeks, many tech companies have implemented cost-cutting initiatives, including layoffs. (Photo : Iwan Baan / Screenshot taken from the official Google website) Substack, a company that provides services for writers to offer paid newsletters, is laying off 13 people, around 14% of the company, according to a note sent to employees Wednesday by the company's co-founder and CEO Chris Best.