Facebook Inc’s (NASDAQ:FB) news feed algorithm is being blamed for about 50 layoffs at the digital media company Vox Media, Inc. The job cuts will mostly affect SB Nation, Racked, Curbed, and Vox Media’s video service team. Vox Media’s CEO Jim Bankoff announced the layoffs in a memo on February 21. In addition to the layoffs, about a (more…)
Media company Viacom Inc. (NASDAQ:VIAB) laid off about 100 employees on Tuesday as part of its $100.0-million cost-cutting measures. The job cuts have mostly affected support staff, while the employees who deal with content creation are safe. Fewer than one percent of the company’s 10,000 employees are supposed to be cut in this round of Viacom (more…)
E. W. Scripps Co (NYSE:SSP) continues to streamline operations. The Cincinnati-based TV, radio, and digital media company is putting 34 radio stations up for sale, laying off staff, and restructuring its operations. The Scripps layoffs and other cost-cutting measures are expected to save it more than $30 million annually. “Today, Scripps is a dynamic leader (more…)
National Geographic Partners, the name behind National Geographic magazine and the cable networks, has laid off around a dozen employees, or one percent of its workforce. The company did not say which area the layoffs came from. In a prepared statement, National Geographic Partners said, “As we align our U.S. business with our growth objectives (more…)
Funny or Die, the prominent comedy and film company started by Will Ferrell in 2007, has made further reductions to its workforce after several years of job cuts. Funny or Die layoffs in 2018 have started to be implemented, while the precise number of jobs being cut is as-of-yet undisclosed.