Vox Media Announces Furloughs to 9% of Staff Due to Covid-19

Remaining staff saw pay cuts and pauses to benefits like 401K

Driving relevance means driving growth. Join global brands and industry thought leaders at Brandweek, Sept. 11–14 in Miami, for actionable takeaways to better your marketing. 50% off passes ends April 10.

Vox Media, the parent to media brands like The Verge, SB Nation and New York magazine, announced companywide staff changes that furloughed 9%—or roughly 110—of its employees.

The effects of Covid-19 on the business were laid out to staffers in a lengthy note this morning from the company’s chief executive, Jim Bankoff. The company missed its revenue goals by several million dollars in the first quarter and “the impact will be significantly greater in the second quarter,” he wrote in a memo obtained by Adweek.




Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in