**The post below is a message shared with Upworthy employees earlier today. In the spirit of transparency we’re sharing here as well.
Dear Upworthy team,
We’ve just spoken to 14 of your colleagues and given them the wrenching news that we are eliminating their positions today.
These are people who did good work, worked hard and counted on us for a paycheck. They are our colleagues and friends, and they did nothing wrong. Today’s decisions were driven by strategy, and nothing more. But because of the impact on peoples’ lives, this kind of thing is never an easy call.
We’re confident this is the right strategic move for Upworthy, and one that will put us on a much stronger growth path for years to come. But that doesn’t make it any easier for the people affected today.
We’re going to have an all-staff call this afternoon to share some thoughts and answer your questions. We’ll talk then (and I’ll share a bit more below) about what we’re doing – and what we can all do – for the folks who are leaving Upworthy. But before then, we wanted to lay out what’s happening today and what it means for us going forward.
Today is about a big bet on our video future. That’s the core of it: We’re shifting resources to our video program in order to capture the massive growth opportunity in front of us. Video is now the core growth driver at Upworthy. In fact, every dollar we’re shifting today will go to growing our video business in 2016.
Video is the future of digital advertising – it’s where all of the money is going, and an awful lot of the attention is going. We think there are a few big brands that will own big chunks of that video landscape. But no one owns positive, purposeful storytelling – and that’s where we come in.
This strategy is a continuation of what Upworthy’s been focused on since the beginning. Our video efforts here have been successful because our video team is building on everything we’ve created over the past four years: our hard-won understanding of what works in video, our knowledge of what makes a great story, our data-driven approach to story testing, our clear voice and brand, and our enormous,well-engaged community.
We’re proud of our “small but mighty” video team. But the reality is, if we’re going to truly seize the opportunity, our video business can’t stay small anymore. If we’re serious about video, we have to put serious resources against it. Our ambitions here, and the opportunity before us, are too large for an incremental approach.
This fall, for the first time, we reached more people through video than through our text and pictures storytelling. A few months later, we’re not just reaching more people through video, we’re reaching 10 times more. That’s why we need to act quickly to give video the resources it needs. While these staffing changes are going to cause a decline in traffic to Upworthy.com in the short term, we’ll be reaching significantly more people with our stories every month through our video channels. That helps achieve our mission.
And just to emphasize the scale of the opportunity here: as you know, we started 2015 with 5 million video views. In December, we had 167 million. And in the first seven days of January alone, including a holiday and a weekend, we’ve already driven 65 million views, and counting.
It’s also worth remembering the core strengths of Upworthy that brought us here.
We reach many more people than the great majority of our competitors. And we do that with a far more distinct and compelling voice and brand.
On Upworthy.com, the writing is better – funnier, more incisive and thoughtful, more rich and varied – than it has ever been. And as video drives growth, this will open up more space for our writers to be their creative, hilarious, passionate selves, pioneering new approaches and styles.
Our intel, product, and engineering teams have given us a huge competitive advantage with our predictive testing system, which means that our writers and producers draw more attention and pageviews per person than literally anyone.
We’ve developed deep partnerships with top brands, and thanks to the revenue team’s efforts we have a number of really exciting opportunities teed up for the first half of 2016.
Most importantly – in a landscape full of content generated for no other purpose than to get eyeballs to display ads, we stand out because we stand for something. It remains the case that each and every piece on our site communicates something positive, purposeful, meaningful. That’s extraordinary.
I know that none of that makes today’s changes feel good. The only thing that actually feels good is knowing that we’ll do everything in our power to do right by the people who are leaving.
We’re providing them with severance, health care, and support in their transition. We’ll help them land new gigs, offer enthusiastic references and use our personal networks to connect them with opportunities wherever we can. And we ask each of you to do the same. Any place that hires any of these Upworthians will be lucky to have them.
But today is not an easy day. We’ll miss the people who are leaving, and I’m sure you all will as well.
One of our board members pointed out that most businesses tend to hedge bets.
Great businesses focus aggressively on what they’re great at, even when it means making hard choices.
That’s what we’re doing here. And it’s why after we work through these changes, we can look forward to great days ahead. We’re onto something special: a unique position to bring hundreds of millions of people to meaningful stories everyday, in the most important media battleground of our time.
Without a doubt, today’s changes are hard. But they set us up for a strong future to come – one that we’re excited to build with all of you.
–Eli and Peter