TVNewser Show TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

SpinMedia to Cut Workforce by 15 Percent

spinmediaSpinMedia, owner of Vibe and Spin, is planning to cut 15 percent of its workforce, resulting in about 30 staffers losing their jobs. The New York Post reports that the company will also drop some of its smaller online properties, like absolutepunk.com.

Dale Strang, SpinMedia’s CEO, said that sites such as Idolator, CeleBuzz and The Superficial will stay around. The company is also sticking with its plan to publish Vibe as a quarterly magazine.

This is the second round of layoffs at SpinMedia in the last seven months. In February the company cut 50 people, hoping that would help make it profitable. Unfortunately for SpinMedia staffers, it appears the company is still short of that goal.

Mediabistro Course

Freelancing 101 Online Boot Camp

Freelancing 101Starting April 28, this online event will show you the best way to start your freelancing career, from the first steps of self-advertising and marketing, to building your schedule and managing clients. By the end of this online boot camp you will have a plan for making a profitable career as a freelancer, and the skill set to devote yourself to it. Register now!