Layoffs hit New York Magazine amid company restructuring
New York Magazine said Monday it has laid off 16 full-time staffers and 16 freelancers or part-time employees, as the media company restructures to adapt to a volatile digital news landscape.
Details: The departments affected most are audience development, circulation, copy, fact, production and video. "In some cases, the changes we are making reflect a need for new focus as we build out our digital subscription business; in others, they reflect an overdue integration of print and digital staffs," the magazine said in a statement.
Backdrop: In December, editorial employees at the outlet unionized with the NewsGuild of New York after reports surfaced that New York Media, owned by a family-controlled holding company, was looking to sell. The company launched a paywall late last year to boost revenue and has explored other options to make more money, including commerce. In 2019, it was reported that the company was no longer looking to sell.
Go deeper: More than 1,000 media jobs lost in one day