Say Media let go of 17 staffers as the company merges with Maven and HubSpace to create one digital publishing entity.
Maven recently cut $5 million in operating costs but says that it's on track to hit a $30 million run rate this year.
Matt Sanchez will not stay on with Maven's leadership, according to CEO Jim Heckman.
Serial entrepreneur James Heckman wants to create a healthy alternative outside of Facebook for small publishers — and is making cuts to do so.
In March, Maven announced plans to acquire Say Media. The company also acquired HubPages in January and said that the combination of Maven, Say Media and HubPages "will bring together former competitors to create a dominant platform for professional, independent publishers," according to a press release.