“With cuts at Vice, Quartz, BuzzFeed, even media’s savviest digital players are hurting”
May 20, 2020
“The layoffs came swiftly last week. At Vice Media, 155 people lost their jobs. Quartz laid off 80. Condé Nast, publisher of glossy magazines like Vogue, cut 100 people. And as BuzzFeed furloughed staffers at its overseas divisions, its U.S.-based staffers braced for similar cuts…
“The pain is across the board,” said Gabriel Kahn, a professor at the University of Southern California Annenberg School for Communication and Journalism. “This isn’t just a question of nimble, digital companies able to survive and lumbering, legacy ones perishing. The marketplace is too brutal the way it’s configured right now.”…”