Vice Media is slowing down hiring.īy the numbers: U.S. Media brands including Food52, Wave Sports + Entertainment and Outside Media also laid off staff.Netflix, Cameo, Clubhouse and Jellysmack have laid off staffers. Twitter said last month that it was pausing.State of play: Other tech platforms, like Meta and Snap, also have pulled back hiring for the rest of the year. It's not a hiring freeze but a significant slowdown. Some startups defined it as a " right-size," but it remains to be seen what that means for the future.ĭriving the news: Spotify CEO Daniel Ek emailed staffers Wednesday that the company would reduce hiring growth by 25%, Bloomberg first reported and Axios confirmed. Why it matters: Companies are reevaluating their headcount and spending plans after adapting to consumer needs and finding opportunities for growth during the pandemic. Fears of an economic downturn have prompted many media-tech businesses to make dramatic job cuts or ease hiring, and that appears to be spreading across the industry.
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