American news website Axios is laying off dozens of people ... since it was founded in 2016 by VandeHei, Mike Allen, and Roy Schwartz − all ex-Politico journalists. Layoffs for most employees ...

Axios was launched in 2017 by former Politico reporters Jim VandeHei, Mike Allen, and Roy Schwartz, who will remain on the company's board. It's raised $57 million over four rounds, per Crunchbase.

VandeHei co-founded Axios with Mike Allen and Roy Schwartz, his cohorts from Politico, in 2016. The company was sold to Cox Enterprises in 2022 for $525 million.