Vox Media and Meta are among the media firms laying off staff in what appears to be a bad start to the year.
Vox has launched a new round of job cuts, laying off at least 10 director-level employees on Monday, The Wrap reports.
Last week, 12 people were cut from the Vox.com editorial team.
It is not clear if further layoffs are to follow. But one recent round was described by Vox as “a difficult but necessary step as the industry evolves,” media reports state.
In another move, Meta has informed employees that it is cutting 5% of its workforce, based on performance ratings, The New York Times reports.
“I’ve decided to raise the bar on performance management and move out low-performers faster,” Mark Zuckerberg, chief executive of Meta, said in a memo to employees, according to The New York Times. “We typically manage out people who aren’t meeting expectations over the course of a year, but now we’re going to do more extensive performance-based cuts during this cycle.”
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However, Zuckerberg adds that the departing employees will be replaced in 2025, the Times adds.
As reported earlier, the HuffPost announced plans to eliminate 30 positions, 22% of its staff. Some workers were to be offered voluntary buyout packages. Danielle Belton, editor in chief, subsequently resigned.
And The Washington Post laid off 4% of its staff -- mostly on the business side -- including 73 people in the advertising department, reports state.
As with last year at this time, more cuts are doubtless in the offing.