Complex Is the Latest Media Company to Lay Off Staff Amid a Pivot to Video
Once home to a website and a magazine, the media organization appeals to young male audience. Mark Ecko, the fashion designer, started Complex in 2002, 14 years before it was sold in a deal that reportedly valued it at more than $250 million. The print magazine shuttered at the start of this year.
The company confirmed the layoffs and said the product unit’s function would be integrated into existing teams. The company said the number of those affected was only a “handful” of the company’s 400 employees.
The reason for the firings? The company says it was part of a “pivot to video” that it embarked upon last year.