New York, New York-based Fox Media, an iconic umbrella for several Fox-branded entities, has announced a reorganization to streamline and modernize the enterprise, redeploying assets into profitable opportunities. Although no specific headcount is available for this reduction in force, it is believed that less than three percent of the company-wide workforce will be impacted.
This is a long-overdue realignment and de-duplication of current operations in the ordinary course of business and not attributable to the ongoing global pandemic.
A company spokesperson noted, “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.”
FOX News Media operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Digital, FOX News Radio, FOX News Headlines 24/7, FOX News podcasts, and the direct-to-consumer subscription streaming service FOX Nation.
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