AXIOS – 22/04/2020
Sara Fischer
The drastic measures at top digital media outlets serve as a stark reminder that few victims will be spared by the economic crisis prompted by the coronavirus pandemic.
The big picture: Vice Media has laid out a plan for potential layoffs of over 300 people in digital operations, according to The Wall Street Journal. It would be joining Group Nine Media, BuzzFeed, Vox Media, Bustle Digital Group, Cheddar, Maven Media, G/O Media, Protocol and others who have resorted to layoffs and furloughs.