US Media giants announce layoffs amid economic downturn fears
Image Credit: FPJ
US media are facing tough times, as a series of outlets like CNN and Washington Post have announced layoffs this winter amid fears of an economic downturn. The most recent layoffs were announced on Friday by Vox Media, owner of the Vox and The Verge websites and the landmark New York Magazine and its online platforms, who are planning to let go seven per cent of its staff.