Management at CNN, The Washington Post and The Verge website and New York magazine announced on Friday that it would lay off seven percent of its staff. 130 employees of Vox Media have been fired.
oi-Sanjay Kumar Jha
Almost every popular American media is facing tough times right now. Almost every major media organization from CNN to The Washington Post is facing the problem of recession. According to information, in view of the recession in the near future, retrenchment is being done in these companies. Vox Media, the owner of Vox and The Verge websites as well as New York magazine and its online platforms, announced on Friday that it was laying off 7 percent of its staff.
fired 7 percent of the employees
Along with this, CNN, NBC, MSNBC, Buzzfeed and other outlets have also announced layoffs. 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. As a result, we have decided to eliminate approximately 7 percent of our workforce across institutions.” Tough decision to make.” About 130 of Vox Media’s 1,900 employees have been laid off.
Pregnant journalist was also fired
Megan McCarron’s ouster is being talked about the most. Megan was working in a food website owned by Vox Media since last 9 years and has won many awards. Meghan tweeted on Friday 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 can’t put into words the uncertainty she is facing.”
Love to lead a newsletter. All the advice further down in here is correct and also I wish it didn’t have to be https://t.co/gTvamP4cwy pic.twitter.com/SiKnxxViJC
— Meghan McCarron (@megmccarron) January 20, 2023
A Vox spokeswoman told AFP they could not comment on specific cases, but some special packages were offered to employees, including extra pay for parental leave.
Journalists who have been fired in the recent past have started looking for new jobs. But many journalists have tweeted to express their anger, disappointment towards their colleagues at job loss. According to a 2021 study by the Pew Research Center, America’s newsrooms are expected to decline from 114,000 to 85,000 reporters between 2008 and 2020. The decline of nearly 30,000 journalists in 12 years shows how difficult journalism is becoming.
Layoffs in NBC too
“Journalism has been under severe pressure for a long time, and many companies feel this is the best time to cut costs,” the Writers Guild of America said in a statement to AFP. “But it’s hurting both journalists and journalism.” ” Let us tell you that earlier media giants NBC News and MSNBC had also laid off employees on a large scale. The number of affected employees is said to be around 75.
Washington Post may also have layoffs
Like Vox Media, the Washington Post is also expected to lay off employees. Earlier, the company’s CEO Fred Ryan said last month that many positions would be cut. Around 2,500 journalists may be affected by this retrenchment. Earlier, the Washington Post magazine, which had won two Pulitzer Awards, was also closed in December.
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Layoffs 2023: US Media Sees Massive Job Cuts, Include CNN to the Washington Post
Story first published: Sunday, January 22, 2023, 15:22 [IST]