New York Media Lays Off 5 Percent of Workforce in ‘Restructuring’

New York Media has laid off 16 full-time staff members, which is roughly 5 percent of all employees in a restructuring. An additional 16 freelance or part-time employees will also be laid off

In a statement, the company said that the move was part of a necessary “restructuring,” and would take directly impact audience development/circulation, copy, fact, production, and video.

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