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Vox Media, the publisher of publications such as Vox.com, Eater, The Verge, and New York Magazine, laid off 7 percent of its employees on Friday.
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The affected groups comprise editorial, revenue operations, core services, and revenue, as per an email to employees from Chief Executive Officer Jim Bankoff obtained by Bloomberg News.
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Bankoff pointed out the difficulties of other companies in the tech and media sector and claimed that even a sharp decline in hiring and a reduction in expenditure hasn't stopped the need to reduce expenses.