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IPFS News Link • Employment & Jobs

Vox Un-Populi: Flagship Liberal Media To Fire Hundreds

• https://www.zerohedge.com by Tyler Durden

In addition to Vox.com, the 1,200 employee company owns New York Magazine, The Verge, SBNation and Eater. The company attained profitability in 2019, only to hit a brick wall in 2020 amid the COVID-19 pandemic which has sparked a wholesale pullback in advertising budgets.

In April, Vox furloughed about 100 employees, or 9% of its staff.

Many of the furloughed workers who haven't already taken buyouts will be laid off, according to a person familiar with the matter. These employees primarily work for parts of Vox that were especially hit hard by the Pandemic, such as SBNation, Curbed and the company's events group. There may be some additional job cuts, the person said. -CNBC


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