Media Giants Vox and Condé Nast Join Layoff Wave
Vox Media and Condé Nast have announced layoffs as they struggle with the declining ad market. Vox Media laid off 4% of its staff, marking the second round of layoffs this year. The Vox Media Union called the move "devastating" and created a GoFundMe to support affected employees. Meanwhile, Condé Nast announced a 5% headcount cut, affecting over 300 employees. The media industry has seen significant job cuts in recent months, with nearly 20,000 jobs eliminated so far this year. Employees at both companies have expressed anger and frustration over the lack of transparency and clear strategy.