Vox Media, the publisher of news websites such as Vox and The Verge, in addition to New York magazine, will lay off 7% of its workforce, chief executive Jim Bankoff said in a Friday morning memo to staff.
Bankoff said the layoffs, which will result in about 130 people losing their roles, impacted multiple teams, including editorial. Those who had their jobs eliminated were notified through email, followed by a later meeting with a human resources officer who would discuss severance packages with them.
Bankoff told staffers the cuts were “due to the challenging economic environment impacting our business and industry.”
We were informed today that the company is laying off around 7 percent of its workforce, and some of our members have been impacted.
We're furious at the way the company has approached these layoffs, and are currently discussing how to best serve those who just lost their jobs.
— VOX MEDIA UNION WON A FAIR CONTRACT (@vox_union) January 20, 2023
[Not sure what the union can do about it. If the money’s not there, it’s not there. — Ed]
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