HX Staffers Better Watch Their Backs

HX will be undergoing some changes in the next few weeks.

Two different sources tell us CEO Matthew Bank and publisher Gary Lacinski spent yesterday swinging their ax at the sales staff, taking out four employees. One reader writes:

The reason for the cut is that HX is moving in a new direction (whatever that means) and is restructuring the team. Apparently Matthew is hiring a director of marketing. Could it be that they needed to lose four employees to make up for one new one?

Sure, that’s a possibility.

It seems more likely, however, that Bank’s trying to save some dough to fight Manuel Alex Saez’s $1.25 million libel lawsuit. But maybe that’s just us being cynical.