patrick.net

Large digital and legacy publishers alike – including BDG, Disney, Gannett, Vox Media and The Washington Post – have shed staff via multiple rounds of layoffs that began as far back as late 2022. By October 2023, the media industry had announced over 19,000 job cuts year-to-date, compared to 3,000 in the same period in 2022, according to a report from Challenger, Gray & Christmas.

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G/O Media shuttered Jezebel and made some cuts at Gizmodo and The Onion, letting go of 23 editorial staffers in total, according to memos from G/O Media’s Onion Inc. and Jezebel unions that were shared with Digiday. In a memo sent to staff on Thursday, G/O Media CEO Jim Spanfeller said the company tried to find a buyer for the feminist news and opinion site, and cited challenging market conditions as the reason for the company’s restructuring. G/O Media also laid off 13 people in June.
Vice Media is shutting down a number of Vice News shows, according to an email sent to staff from co-CEOs Bruce Dixon and Hozefa Lokhandwala, in which they described “a difficult period for media at large.” Less than 100 people are being let go, according to Variety; the company has about 1,000 employees. Entire teams were gutted as a result of the layoffs, according to a memo from Vice’s union that was shared with Digiday. The company filed for bankruptcy in May and was sold to its lenders for $350 million in July. Vice also let go of 7% of the company in January.
Vox Media’s lifestyle site PopSugar also let people go on Thursday. Vox declined to share how many people were laid off. Vox let go of 130 people, or 7% of its workforce, in January, and had multiple rounds of layoffs in 2022.
CNBC cut around 20 people at CNBC.com on Nov. 8, representing less than 9% of its U.S. digital team and 3% of its overall U.S workforce, according to The Messenger.
British newspaper publisher Reach plc announced on Nov. 8 it would slash about 450 jobs, or roughly 10% of its workforce, in order to cut operating costs by 5-6% in 2024. Over 300 of those jobs are editorial roles, according to The Guardian. Reach plc had already cut 330 people this year, according to Reuters.
Condé Nast said on Nov. 1 it planned to cut about 270 jobs, or 5% of its workforce, due to digital advertising pressures, according to The New York Times. This would represent about 25% of Condé Nast’s union, which is pushing management to negotiate over those layoffs, according to Alma Avalle, Bon Appétit’s digital operations associate and a member of the union’s bargaining committee.