Vox Media

Vox Media is cutting 50 staffers, according to a memo to employees sent today by CEO Jim Bankoff.

He wrote that SB Nation, Curbed, Racked and the video services team will bear the biggest impact of the cutbacks.

About a dozen employees will get new job functions, and “there will be some smaller changes elsewhere in the company" to reduce costs.

Bankoff noted that he and top Vox leadership took the cutback decision very seriously. "We know it has a big impact on the lives of our co-workers who will be leaving, as well on the morale of those who remain," he wrote.

He promised to treat departing staffers with “professionalism, compassion and dignity.”