Hasta La Creative!

Vox Media CEO Jim Bankoff issued a memo to staff Wednesday morning announcing layoffs to roughly 50 employees, or about 5 percent of its workforce, with publications Racked, Curbed, SB Nation and its video services team hit hardest.

The company is also offering to reshuffle about a dozen employees to different roles and will make “smaller changes elsewhere in the company,” the memo said.

“In the past 9 years, my group emails have mainly been to celebrate successes,” Bankoff wrote in the memo. “Unfortunately, today is one of the toughest days we’ve had as a company. As a result of our decision to wind down certain initiatives, we’ll be saying goodbye to some of our talented colleagues who have made valuable contributions to our success.”

Continue reading at AdAge.com