MediaUS

Vox Media Layoffs

January 2023

Vox Media announced a layoff affecting 130 employees (7% of its workforce) in January 2023. The company operates in the Media sector.

People Affected

130

Percentage

Announced Date

Jan 20, 2023

About

On January 20, 2023, Vox Media, a prominent digital media company behind brands like Vox.com, The Verge, and New York Magazine, laid off approximately 130 employees, representing 7% of its workforce. CEO Jim Bankoff cited a challenging economic environment and the need to scale back underperforming or non-core projects as reasons for the cuts. The layoffs affected various departments, including Revenue, Editorial, Operations, and Core Services. This follows a previous round of layoffs in July 2022, where 39 employees were let go. The company, operating in the competitive digital media industry, indicated it would continue to assess its financial outlook and implement cost-saving measures as necessary.