Defy Media lays off 20 staff as it closes two unprofitable sectors

Defy Media lays off 20 staff as it closes two unprofitable sectors

Digital content company Defy Media has laid off approximately 20 of its staff in a bid to focus on it's more successful ventures.

Defy owns and operates a number of popular YouTube brands and channels including Smosh, Screen Junkies and The Escapist

According to Variety, the company is cutting back on a couple of divisions, those being programmatic advertising, licensing and video syndication.

Defy Media is not the first digital company to make noticeable cutbacks. BuzzFeed, Refinery29 and Mashable all reportedly shed handfuls of employees in December last year.

Following the flagship 

In an interview, CEO Matt Diamond said the company is winding down “tactical businesses” that were unprofitable.

“The changes we made in personnel were to solidly focus the company on owned-and-operated brands.” Diamond said.

“For us, we feel strongly that being profitable and building around your brands is critical in this market.”

Defy's decision to make these cuts is driven by an attempt to streamline the business, Diamond told Variety

Defy is led by it's original content brands, listed above. However, the company is also leering towards TV projects in an 'opportunistic manner'.

The company also raised $70 million in a funding round in late 2016. Notable investors included Viacom, Lionsgate and ABS Capital.

Influencer Editor

Danielle Partis is Editor of She was previously the lead content creator for TeamRock Games, as well as contributing to outlets such as Metal Hammer, both online and in-print. Prior to that, Danielle worked as a freelance PR consultant and freelance journalist for a number of outlets.


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