Media Moves

Dotdash Meredith to axe 7 percent of its workforce

Just as Vox Media has cut 7 percent of its workforce, another publisher, Dotdash Meredith, has announced another unlucky 7 percent, a move that will impact 274 employees.

The owner of People, Better Homes & Gardens, InStyle and Travel + Leisure said that the decision stems from poor economic conditions.

“We are not immune to the broader challenges of the ad industry and of the economy as a whole, and today’s actions are a direct response to these realities,” CEO Neil Vogel told employees in a memo provided to CNN.

Vogel added that the affected employees will get severance and options for health insurance extensions. He will meet with employees on Monday to discuss the situation.

Read more here.

Mariam Ahmed

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