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Photo by Brian Ach/Getty Images for TechCrunch

Vox Media is laying off roughly 50 staffers, mostly across the social and video teams of a few brands like Racked, Curbed, SB Nation. In a memo to staffers, Vox Media CEO Jim Bankoff said they would be offering role changes to about a dozen others.

Why it matters: Bankoff says the layoffs are a response to "industry changes," referring to the pressures the digital ad economy is placing on digital-first news brands. Cuts represent about 5% of the company's employees.

Most of the cuts are being made around social and video teams, primarily around native social video, which is experiencing both rapid change and growth across the digital media industry.

  • Facebook said last month that it would cut back on news distribution in its News Feed, impacting many publishers that relied on the platform for social video distribution.

Vox Media will still be creating video for social platforms, but in a scaled back way and will invest in newer initiatives that are doing well, like podcasts.

The cuts come after a year of strong revenue and audience growth for the company. In a memo to staff last month, Bankoff says all of Vox Media’s properties grew audiences by double-digits year over year.

  • SB Nation, +31%; The Verge, +86%; Polygon, +611; Vox, +21%; Eater, +26%; Racked, +42%; Curbed, +42%; Recode, +33%

Go deeper

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Everyone's bullish

Illustration: Sarah Grillo/Axios

Following positive vaccine news and the run-up in global equities punctuated last week by the Dow hitting 30,000 points, investors are again throwing caution to the wind and growing more uniform in their bets that stocks will continue to rise.

Between the lines: The resurgence of traders' risk appetite has some urging caution, as unanimity in either excitement or fear historically has proven to be a contrarian signal for the stock market.

Salesforce rolls the dice on Slack

Illustration: Sarah Grillo/Axios

Salesforce's likely acquisition of workplace messaging service Slack — not yet a done deal but widely anticipated to be announced Tuesday afternoon — represents a big gamble for everyone involved.

For Slack, challenged by competition from Microsoft, the bet is that a deeper-pocketed owner like Salesforce, with wide experience selling into large companies, will help the bottom line.

FBI stats show border cities are among the safest

Data: FBI, Kansas Bureau of Investigation; Note: This table includes the eight largest communities on the U.S.-Mexico border and eight other U.S. cities similar in population size and demographics; Chart: Naema Ahmed/Axios

U.S. communities along the Mexico border are among the safest in America, with some border cities holding crime rates well below the national average, FBI statistics show.

Why it matters: The latest crime data collected by the FBI from 2019 contradicts the narrative by President Trump and others that the U.S.-Mexico border is a "lawless" region suffering from violence and mayhem.