Vox Media Will Slash 7% Of Its Workforce
Vox Media, which owns brands like The Verge, SB Nation and New York magazine, will cut about 7 percent of its staff, chief executive Jim Bankoff said in a Friday morning memo to staff first obtained by the New York Times.
Roughly 1,900 people work at the company, which means about 133 roles will be impacted.
Bankoff said the layoffs 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, "including options...