Vox Media lays off employees, to reduce hiring

Vox Media is laying off 39 employees in sales, recruiting and certain editorial teams, a spokesman familiar with the matter said.

New York Magazine, Vox and The Verge will not be affected.

In a memo to staff, Vox Media CEO Jim Bankoff said:

“The current economic conditions are impacting companies like ours in multiple ways, with supply chain issues reducing marketing and advertising budgets across industries and economic pressures changing the ways that consumers spend.

“Our aim is to get ahead of greater uncertainty by making difficult but important decisions to pare back on initiatives that are lower priority or have lower staffing needs in the current climate.”

Read more here.