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Vox Media Cutting 50 Staffers

Vox Media plans to cut about 50 employees, according to The Hollywood Reporter. Targeting their social video teams, Vox properties including Racked and Curbed are expected to be most affected. Initiatives around native social video, while “growing successfully and surpassing audience growth goals, won’t be viable audience or revenue growth drivers for us relative to other investments we are making,” Vox CEO Jim Bankoff said.

Read the whole story at The Hollywood Reporter »

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