Layoffs at Fox Interactive Media
News Corp.’s (NWS) Fox Interactive Media digital division is laying off about five percent of its workforce, or about 100 people, amid continued cost-cutting efforts, according to a person familiar with the situation.
The cuts, which started in the last month, are happening gradually unit by unit, the person said. The layoffs include all groups, from social-networking site MySpace to photo-sharing site Photobucket to mobile. (News Corp. owns Dow Jones, publisher of The Wall Street Journal and the owner of AllThingsD.com.)
“I can confirm that several of the groups within FIM are eliminating some jobs and repurposing others,” a FIM spokesman said in a statement. “This is part of a larger effort we’re making to put FIM in the best possible position to succeed now and, more importantly, to emerge even stronger once the markets recover. It’s important to note that we continue to hire in many areas.”
