Overview

• Vox Media's NowThis and The Intercept have announced significant staff reductions amid financial difficulties.
• The Intercept is cutting 15 staff members, including its editor-in-chief, as part of efforts to achieve sustainability.
• NowThis has laid off 50% of its staff, raising concerns about the company's editorial direction and standards.
• The media industry's struggle is attributed to declining online traffic, reduced advertising revenue, and the rapid pace of change.
• These layoffs are part of a broader trend of job cuts across the media sector, affecting both digital and traditional outlets.