![]() The union representing Vox Media employees said it was “furious” over the announcement. “We are experiencing and expect more of the same economic and financial pressures that others in the media and tech industries have encountered,” Bankoff said in his memo. Those who had their jobs eliminated were notified through email, followed by a later meeting with a human resources officer who would discuss severance packages with them.īankoff told staffers the cuts were “due to the challenging economic environment impacting our business and industry.” “Company of the Year,” Digiday’s “Best Company for Parents,” and one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign.Vox Media, the publisher of news websites such as Vox and The Verge, in addition to New York magazine, will lay off 7% of its workforce, chief executive Jim Bankoff said in a Friday morning memo to staff.īankoff said the layoffs, which will result in about 130 people losing their roles, impacted multiple teams, including editorial. The company has been named one of Fast Company’s “Most Innovative Companies in Media,” an Inc. The company’s brands were recently nominated for 12 prestigious National Magazine Awards, including Best Website for New York and Vox. Vox Media reaches more than 125 million people each month on its owned websites and hundreds of millions more across a slate of 200-plus podcasts, a dozen shows on TV and streaming services, live events, a groundbreaking print magazine, web video, social media, and beyond. Under Jim Bankoff’s leadership, the company consistently produces work that sets Vox Media apart from its competitors, steadily increasing audiences, winning awards, and building sustainable businesses in the process.” “The content created across Vox Media resonates with authenticity and passion, and as an avid consumer of digital media, I read, watch, and listen to Vox Media-published content on a daily basis. “I’m thrilled to join the Vox Media team,” says Margaret Chu. Her experience as a top-level deal maker, operational leader, and highly analytical thinker will enable us to accelerate our growth and industry leadership,” says Vox Media chairman and CEO Jim Bankoff. “Margaret Chu is the ideal CFO for Vox Media at a high-growth moment when we are diversifying our business and taking big swings. A native New Yorker, Margaret received her BA from Dartmouth College and MBA from Harvard Business School. She has also served as a board observer or director at Momofuku, Milk Bar, Legendary Entertainment, and TransDigm Group. Prior to that position, Margaret was CFO of RSE Ventures, where she managed financial operations and investments across the portfolio of the company’s holdings. At Horizon Media, she oversaw the company’s business and legal affairs group, as well as corporate strategy and development, which included corporate investments, mergers and acquisitions as well as new business and partnership launches. Margaret Chu has a wealth of experience collaborating with business leaders on growth and innovation. She begins her new role at Vox Media on March 2 and will join the company’s executive leadership team. ![]() Margaret brings to the company more than 20 years of investment management, operations, and business development expertise and served most recently at Horizon Media, where she was EVP, corporate strategy and development. ![]() Vox Media, the leading independent modern media company, today announced the appointment of Margaret Chu as chief financial officer, as the company charts a course of continued growth and expansion following its 2019 merger with New York Media.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |