
Forty-four
editorial staffers across Gizmodo Media Group’s brands have taken buyouts, relieving the publisher of the need to undergo layoffs to cut parent company Univision's budget.
“While
that is the outcome for which we’d hoped, any relief is bittersweet because it comes with the loss of talented and valued colleagues whose countless contributions will be greatly missed,”
editorial director Susie Banikarim told employees in a memo Thursday.
While all the Gizmodo Media sites were impacted — which includes former Gawker Media sites
like Jezebel, Gizmodo and Deadspin — the brand most affected by the cuts is the company’s video staff and the staff of Splinter, the news site
formerly owned by Gawker, per Mediaite.
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Univision underwent a business review to slim down the business.
The departing staff members make up about 15% of the Gizmodo
Media Group editorial union's bargaining unit. The union negotiated 18 weeks of pay and health benefits for staffers that took the buyout.
This year, GMG CEO Raju Narisetti, Fusion Media Group
president Felipe Holguin and Fusion TV’s president Daniel Eilemberg have exited the company.
Univision acquired Gizmodo Media and various properties from the former Gawker Media in
2016. The company paid $135 million, signaling its push into digital.