US Media: The American media is facing challenging times, ranging from CNN to big media houses like Washington Post. CNN, Washington Post have announced layoffs in the company given the economic downturn in the coming times. Vox Media owns the Vox and The Verge websites, the historic New York magazine, and its online websites. The company announced on Friday that it would lay off seven per cent of its employees.
Businesses and Industries Are Being Affected.
There will also be layoffs of employees in CNN, NBC, MSNBC, Buzzfeed and other outlets. In a memo to employees on Friday, Vox Media CEO Jim Bankoff said, “The poor and challenging economic environment has affected our business and industry. Because of this, we have eliminated approximately seven per cent of our staff roles across departments.” A difficult decision has been made.
130 Employees Fired
The memo states that the employees fired from the company will be informed to let go within the next 15 minutes. Explain that Vox Media has fired about 130 employees out of 1,900 employees of the group.
Award-winning reporter lost her job, Meaghan McCarron, an award-winning journalist who worked for more than 9 years at a food website owned by Vox Media, has been fired from her job. Meghan tweeted on Friday and informed that she is 37 weeks pregnant, during which she has been fired.
McCarron posted, “My husband and I are so excited to be parents. I really cannot describe the uncertainty we are facing right now.” Journalists who have been fired recently have started looking for new jobs. But many journalists have tweeted to express anger and disappointment towards their colleagues on losing their jobs.
