Vox Media Chief Executive Jim Bankoff told staff in an email on Wednesday that the company would lay off around 50 employees as it winds down certain initiatives. The news comes just over a month after journalists at the company voted to unionize with the Writers Guild of America East. The Vox Media Union said on Twitter that it was working with the WGA to negotiate over the impact of layoffs on current Vox employees. Along with the layoffs, Bankoff said in his email that the company is reorganizing about a dozen other positions. The Vox brands most impacted by the changes will be Racked, Curbed, SB Nation and the video team. Bankoff said in the email, which was posted on Twitter, that the rationale behind scaling back is to ensure the company can solidify long-term financial stability, invest more resources into workplace productivity by growing real estate, IT, P&C, etc., and to be able to act swiftly when new opportunities arise.
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