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Home » D.C.-Based Vox Media Cuts About 50 Employees

Capitol Communicator has a report that at least 528 news media jobs were lost in January due to brutal start-of-the-year layoffs.

D.C.-Based Vox Media Cuts About 50 Employees

by | Feb 21, 2018

Jim Bankoff, CEO of D.C.-based Vox Media, announced plans to lay off around 50 employees, with the Racked, Curbed, SB Nation, and Video Services teams “bearing the biggest impact.”

Additionally, stated The Hollywood Reporter, “he said that around 12 other employees will be offered “role changes.” The cuts amount to around 5 percent of Vox Media’s staff.

“”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,” Bankoff wrote, calling (the announcement) “one of the toughest days we’ve had as a company.”

“He continued: “Our leadership team and I took this decision very seriously. We know it has a big impact on the lives of our co-workers who will be leaving, as well as on the morale of those who remain. We commit to treating all those affected with professionalism, compassion and dignity.””

More here.

 

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Capitol Communicator is a unique online and offline resource for Mid-Atlantic advertising, marketing, public relations, digital and media communications professionals. The e-magazine, e-newsletters and events bring together communications professionals, fostering community and providing important information; news; trends; education; and opportunities for networking, career enhancement, business exchange and showcasing great work. Visit www.capitolcommunicator.com to learn more.

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