The departments most affected include audience development/circulation, copy, fact, production, and video.
New York Media has laid off 32 people, half of them were full-timers and were 5% of full-time staff.The layoffs come at a punishing time for media generally, with BuzzFeed, HuffPost, Vice among those laying off staff this year.
New York Media, parent of the popular New York magazine and other online verticals including The Cut and Vulture, has laid off 32 people as it undergoes restructuring. The family-owned company has undergone some upheaval recently in a tough time for print and online media generally. It said last summer it was exploring options, including a sale. Its staffearlier this year, and its longtime top editor Adam Moss just stepped down and was replaced by David Haskell.
Pam Wasserstein, the company's CEO, announced the cuts in a memo to staff that said in part that the company has grown its revenue by diversifying in areas like e-commerce and a digital subscription product. "I believe this restructuring is necessary to put us on the firmest possible footing as an independent company, though that does not make today any less painful," she wrote."In some cases, the changes we are making reflect a need for new focus as we built out our digital subscription business; in others, they reflect an overdue integration of print and digital staffs.
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