Fox News Media to reduce staff in restructuring

Fox News Media to reduce staff in restructuring
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Fox News Media is initiating job cuts that will affect employees at all levels, except for on-air talent and contributors, according to a source familiar with the situation.

The staff reductions, a first for Fox News Media, are said to be part of a restructuring that will impact no more than 3 percent of its workforce.

“As we have evolved into a streamlined multi-platform organization, we are realigning several functions and restructuring various divisions in an effort to meet the creative and business needs of a modern media company. As a result of this reorganization, many of our co-workers and friends will be departing,” CEO Suzanne Scott wrote to staff in a memo provided to The Hill. 

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“I would like to express my sincere gratitude to those employees who will be leaving us today. All of their contributions to FOX News Media over many years are deeply appreciated. Please know that we made this assessment with much thought, care and consideration for all of those affected,” she added.

"While this was a difficult decision to reach, the realignment and modernization of several departments will position all of our businesses for greater success,” the memo concludes.

The source said the hair and makeup department will be the hardest hit, adding that all employees affected will receive severance packages.

Fox News Media, introduced in early 2019, includes Fox News Channel, Fox Business Network, Fox News Digital, Fox News Audio and Fox News International. Its parent company, Fox Corp., has had job cuts in the past.

“As FOX News Media has evolved into a streamlined multi-platform organization, we are realigning several functions and restructuring various divisions in order to position all of our businesses for ongoing success," the company said in statement provided to The Hill on Wednesday.

Fox News Media has expanded recently, launching two streaming services in the past two years: Fox Nation and Fox International.