US Media Sees Massive Job Cuts Amid Falling Newsroom Employment
NDTV
Vox Media, owner of the Vox and the landmark New York Magazine, has announced it was letting go 7% of its staff.
From CNN to the Washington Post, US media are facing tough times, as a series of outlets have announced layoffs this winter amid fears of an economic downturn. Vox Media, owner of the Vox and The Verge websites as well as the landmark New York Magazine and its online platforms, announced Friday it was letting go seven percent of its staff.
The news follows layoffs at CNN, NBC, MSNBC, Buzzfeed, and other outlets.
In a memo to staff on Friday, Vox Media CEO Jim Bankoff announced "the difficult decision to eliminate roughly seven percent of our staff roles across departments due to the challenging economic environment impacting our business and industry."
The memo, which was confirmed to AFP by Vox Media, said the affected employees were going to be notified of being let go within the next 15 minutes. That would mean some 130 out of the group's 1,900 staff.
