OLD Media News

Vox to lay off 6 percent of its staff

Vox Media, home to brands like New York Magazine, SB Nation and Curbed and having around 1,200 staff members, is planning on laying off 6 percent of its employees.

Majority of the laid-off employees were previously furloughed due to the pandemic.

The redundancies were announced via an internal email from Vox Media CEO Jim Bankoff.

Bankoff wrote: “The roles affected have experienced substantial changes in workload or business priority; in some cases, they are in areas undergoing a strategic shift accelerated by the crisis and its hastened changes to our industry.”

He also added that the company is in plans to bring back approximately 30 percent of furloughed staff members, some of whom had accepted buyouts.

In this current email, Bankoff said, “the cuts were needed after Vox Media’s business failed to rebound as strongly as management had hoped in May.”

Mariam Ahmed

Recent Posts

The problem with tech journalism

Timothy B. Lee writes in Asterisk magazine about why a lot of technology reporting is…

1 hour ago

WSJ names Douglass its deputy social strategy editor

Megan Douglass has been named deputy social strategy editor at The Wall Street Journal. Douglass previously…

3 hours ago

Business Insider’s Ridley joining The Female Lead

Business Insider's Louise Ridley is joining The Female Lead, the women's empowerment charity founded by Tesco Clubcard entrepreneur Edwina…

4 hours ago

Viswanatha named Washington enterprise editor at WSJ

Aruna Viswanatha has been promoted to Washington enterprise editor. She will report to Damian Paletta.…

5 hours ago

Tweh named WSJ’s Chicago bureau chief

Bowdeya Tweh has been promoted to Chicago bureau chief at the Wall Street Journal, reporting…

5 hours ago

Fierce Healthcare promotes Landi to executive editor

Fierce Healthcare has promoted Heather Landi to executive editor. She has been a senior editor.…

6 hours ago