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Jim Bankoff - 1 Mills - 1 Doug Martin - 1 Bankoff - 1 we've - 1 I'm - 1 Jim - 1
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7 mentions found


☆ Vox Media is laying off staff as part of a reorg. Here's the memo outlining the changes.
  + stars: | 2024-12-05 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +4 min
Vox Media just cut staff across its lifestyle brands, CEO Jim Bankoff announced in a memo to staff. A Vox Media spokeswoman declined to say how many people were let go in the current reduction. Vox Media got the lifestyle brands Thrillist and PS (previously named PopSugar) when it acquired fellow digital media company Group Nine in early 2022. AdvertisementBankoff said in the memo that Vox Media would continue to focus on areas where it sees the most opportunity, including building direct audiences and its Vox Media Podcast Network. To everyone at Vox Media, thank you for your continued commitment to our work.
Persons: Jim Bankoff, Mills, Doug Martin, Bankoff, we've, I'm, Jim Organizations: Vox Media, New York, Nine, Google, Facebook, Big Tech, Vox, Bankoff, Media Production, Technology
☆ 2023 layoff tracker: The latest on which companies have announced job cuts
  + stars: | 2023-04-25 | by ( Jennifer Korn | ) edition.cnn.com   time to read: +20 min
New York CNN —BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers. With 11,000 job cuts announced in November and the 10,000 announced in March, Meta’s headcount will fall to around 66,000 — a total reduction of about 25%. The company announced in January that it was eliminating some 18,000 positions as part of a major cost-cutting bid at the e-commerce giant. IndeedJob listing website Indeed.com announced cuts of approximately 2,200 employees, representing almost 15% of its total workforce, the company said in March. The cuts come after the company announced several rounds of job cuts throughout the pandemic due to falling demand, followed by rapid hiring last year.
☆ Vox Media announces new hosts of iconic Code Conference after Kara Swisher’s departure
  + stars: | 2023-04-13 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +1 min
New York CNN —Vox Media is gearing up for its first Code Conference without Kara Swisher at the helm. The invite-only event, which attracts top technology executives and journalists, will be hosted by The Verge Editor-In-Chief Nilay Patel, Platformer founder Casey Newton and CNBC senior media and tech reporter Julia Boorstin, Vox Media told CNN on Wednesday. Swisher, the journalist who co-founded the news-making conference with reporter Walt Mossberg and hosted it for the past two decades, will still participate in the conference, albeit in a less outsized role. “This year, there will be more to discuss than ever,” Jim Bankoff, chief executive of Vox Media, told CNN. “Code will build on Kara’s legacy, and we’ll continue to evolve the conference to best serve its audience.
☆ The digital media rollup dream is dead for the moment — now it's all about core brand strength
  + stars: | 2023-03-26 | by ( Alex Sherman | ) www.cnbc.com   time to read: +8 min
What's happening in the digital media space echoes trends from the biggest media companies, including Netflix , Disney and Warner Bros. The rollup dream's rise and fallFrom late 2018 to early 2022, the digital media industry had a shared goal. First, digital media companies needed more scale to compete with Facebook and Google for digital advertising dollars. Large legacy media companies such as Disney and Comcast 's NBCUniversal invested hundreds of millions in digital media in the early and mid-2010s. "The digital media rollup has proven successful only when assets are thoughtfully combined with an eye toward consumers," Goldberg said.
☆ Vox Media is in talks to raise $200 million as it considers asset sales and acquisitions
  + stars: | 2023-01-24 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com   time to read: +2 min
Private equity giant CVC Capital is discussing a $200 million investment into Vox Media. Vox Media, which owns New York magazine, Recode, The Verge and more, recently laid off more than 100 staffers. Both CVC Capital and Group Black had talks aimed at acquiring the digital media company, according to reports. Vox Media, the digital media venture that houses assets including New York magazine, The Verge, Eater, and SB Nation, is looking to raise around $200 million, according to two people familiar with talks. The sources said they believe Vox Media CEO Jim Bankoff wants to use the money to acquire new assets while also potentially putting some Vox Media properties on the block.
☆ Here are the companies that have laid off employees this year
  + stars: | 2023-01-21 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +7 min
Tech firms went on a hiring spree. “Over the past two years we’ve seen periods of dramatic growth,” CEO Sundar Pichai said in an email to employees. The crypto brokerage announced in early January that it’s cutting 950 people – almost one in five employees in its workforce. Departments from human resources to the company’s Amazon (AMZN) Stores will be affected. They’re not in heavy people expansion mode every year,” CEO Andy Jassy said in a memo to employees.
☆ Vox Media to lay off 7% of workforce
  + stars: | 2023-01-20 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +2 min
New York CNN —Vox Media, the publisher of news websites such as Vox and The Verge, in addition to New York magazine, will lay off 7% of its workforce, chief executive Jim Bankoff said in a Friday morning memo to staff. The union representing Vox Media employees said it was “furious” over the announcement. The media and technology sectors have been battered in recent months as advertisers tighten spending amid broader economic uncertainty. Alphabet said it had made the decision to eliminate 6% of its workforce, which translates to approximately 12,000 jobs. Bankoff said the tough economy had forced Vox Media to focus on its core business.
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