Layoffs rock US media amid economic gloom

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Layoffs rock US media amid economic gloom
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From CNN to the Washington Post, US media are facing tough times, as a series of outlets have announced layoffs this winter amid fears of an economic downturn.

Vox Media, owner of the Vox and The Verge websites as well as the landmark New York Magazine and its online platforms, announced Friday it was letting go seven percent of its staff.In a memo to staff on Friday, Vox Media CEO Jim Bankoff announced "the difficult decision to eliminate roughly seven percent of our staff roles across departments due to the challenging economic environment impacting our business and industry.

"My partner and I are so excited to become parents," McCarron posted. "I can’t really process the amount of uncertainty we’re now facing," she added. "I’ll be figuring out my next move. I’m a data reporter but I also write and produce," tweeted Emily Siegel, who was let go after five years as an investigative reporter at NBC. "I’d love to keep doing this work. My are open.

"Journalism has been under pressure for a long time, and a number of companies seem to think this is an opportune time to reduce their labor costs - hurting both journalists and journalism," the Writers Guild of America, East said in a statement to AFP. The Washington Post Magazine, the paper's Sunday supplement which won two Pulitzer prizes, was shut down in December as part of what executive editor Sally Buzbee described in a memo as the paper's "global and digital transformation."'Steep, secular decline'

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