On Wednesday, Univision Communications announced that it would lay off roughly 250 employees—affecting about 6 percent of its workforce.
Most of the job cuts will affect employees at Fusion Media Group—reportedly, Gawker’s staff will not be part of the layoffs.
Isaac Lee, Univision’s digital, entertainment and news chief, told The Washington Post the restructuring was a “response to difficult times, challenging times.”
“We need to position ourselves for the future,” Lee said.
Forbes reported that the decision came after the Spanish-language media company reported a heavy loss in during its third quarter: