Variety | Barry Diller’s IAC to Change Name to ‘People Incorporated,’ Plans to Lay Off 77 Staffers in Consolidation of Corporate Functions by Todd Spangler
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Barry Diller announced that IAC (InterActiveCorp.) will rebrand as “People Incorporated” by its Q2 earnings in August, a change meant to highlight the company’s focus on its People publishing business and its growing stake in MGM Resorts; the move will consolidate corporate functions, eliminate 77 positions (about 2% of the workforce), integrate technology, and is projected to save roughly $40 million annually, with the new Nasdaq ticker “PPLI.” Current People Inc. CEO Neil Vogel and CFO Tim Quinn will assume the same roles for the combined entity, while Diller remains chairman and senior executive overseeing the People assets and MGM investment. The reorganization follows a decade‑long shift toward digital publishing—beginning with the 2025 renaming of the Dotdash Meredith unit to People Inc., the 2021 acquisition of Meredith, and the accumulation of a 26% stake in MGM—alongside a history of spinning off more than a dozen former IAC businesses. Today the company’s portfolio includes over 40 brands such as People, Food + Wine, Southern Living, and Entertainment Weekly, and it aims to leverage its digital expertise, AI ad‑targeting, and new “INVERSION” initiatives to drive growth while maintaining a leaner, publishing‑centric operation.
Read more: https://variety.com/2026/digital/news/barry-diller-iac-name-people-incorporated-layoffs-1236732057/
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Barry Diller's IAC to Change Name to 'People Incorporated,' Plans Layoffs to Consolidate Corporate Functions
Thirty years after Barry Diller established IAC (InterActiveCorp.) as a media holding company, he announced that it will change its name to "People Incorporated" by its Q2 earnings in August. The name change is "to reflect its focus on its People publishing business and its stake in MGM Resorts," the company said.


