Watch: Vox Media to Lay Off 5 Percent of Employees
The digital media company is set to fire 50 staffers as it moves away from its push for native social video. The cuts were announced on Wednesday by Jim Bankoff, Vox Media’s CEO. As a result of our decision to wind down certain initiatives, we’ll be saying goodbye to some of our talented colleagues who…
This story was produced through MarketScale. See how Sports & Entertainment teams put it to work with Events & Onsite Capture.
Free workspace
Turn your Sports & Entertainment expertise into content.
Record interviews, organize footage, and write with AI in a free MarketScale workspace. Qualifying companies also get one professional video edit a month. No credit card.
The digital media company is set to fire 50 staffers as it moves away from its push for native social video. The cuts were announced on Wednesday by Jim Bankoff, Vox Media’s CEO. As a result of our decision to wind down certain initiatives, we’ll be saying goodbye to some of our talented colleagues who have made valuable contributions to our success. The groups bearing the biggest impact are the Racked, Curbed, SB Nation, and the Video Services teams, although there are also some smaller changes elsewhere in the company. Other digital media publishers, like Buzzfeed and Mashable, have also experienced large lay offs in the past few months.
Your experts belong here
Every story in MarketScale Sports & Entertainment starts with a company putting its venue operators, production crews, and partnership teams on the record. Buyers are already reading this topic. The only question is whose experts they find.
Rights holders and partners back the operators they know, and coverage is how they get to know yours.
