Media News

Fortune undergoes restructuring, lays off staff

February 28, 2025

Posted by Chris Roush

Fortune magazine underwent a restructuring on Thursday that results in laying off an undetermined number of employees.

The newsroom layoffs represent a handful of positions, with none in senior roles.

Among the layoffs are Kevin Sanchez Farez, an associate video producer, and Nicholas Bailey, head of IT operations and infrastructure.

Among other videos, Farez led end-to-end production for Fortune’s “The Ground Up,” series, resulting in the publication’s highest-performing video feature on YouTube, “How I Made Over $220M In Sales Creating Scrub Daddy.”

Bailey led global IT operations, including cybersecurity, networking, support, and vendor management, while overseeing a technology budget of more than $2 million.

A Fortune spokesman provided the following statement: “Fortune remains focused on productivity and efficiency across our global organization in support of strategic priorities.  As part of that effort, we have made selective staff changes.  We are continuing to hire and invest in key roles throughout the organization as part of our growth plan.”

Fortune laid off 35 staffers back in 2020. It also had layoffs back in 2009.

 

 

Subscribe to TBN

Receive updates about new stories in the industry daily or weekly.

Subscribe to TBN

Receive updates about new stories in the industry.