Vox Media, parent company of brands including Vox, New York, Recode, Now This and other digitial titles, announced that it was cutting about 7% of its workforce
, parent company of brands including Vox, New York, Recode, Now This and other digitial titles, announced that it was cutting about 7% of its workforce.wrote that the job reductions were “due to the challenging economic environment impacting our business and industry.”Related Story“We are experiencing and expect more of the same economic and financial pressures that others in the media and tech industries have encountered,” he wrote.
About 360 employees at Vox were part of the Writers Guild of America East’s bargaining unit when a new contract was ratified last year. In a statement on Twitter, the Vox Media Union said, “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.
Unfortunately, in this economic climate, we’re not able to sustain projects and areas of the business that have not performed as anticipated, are less core to where we see the biggest opportunities in the coming years, or where we don’t have enough rationale to support ongoing investment in what could be a prolonged downturn. In spite of the dedication of the many talented people involved in these initiatives, we need to scale back.
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