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“Mark Zuckerberg doesn’t expect Meta layoffs despite stock crash: report” Mark Zuckerberg is reportedly telling Meta employees that he has no plans for layoffs — even as the company vows to tighten its belt with its stock down 43% so far this year. After the Facebook and Instagram parent company instituted hiring freezes for many…
“Netflix lays off estimated 150 staffers in latest round of cuts” Netflix is laying off roughly 150 employees weeks after the streaming giant posted its first loss in subscribers since 2011. The job cuts were outlined in an internal memo obtained by The Hollywood Reporter, which first reported the news. A Netflix spokesperson confirmed the…
“CNN gave staffers CNN+ ‘gift boxes’ after firing them: report” Ex-staffers at CNN+, who were fired last month after the month-old streaming service was abruptly shut down, got gift boxes the following week that were filled with CNN+ swag, according to a report. CNN’s new parent company Warner Bros. Discovery delivered a “gut punch” to…
“CNN boss plans to experiment in Chris Cuomo’s old primetime slot: report” CNN’s new boss is not ready to fill Chris Cuomo’s old primetime slot just yet. Chris Licht, who this week replaced scandal-tarred Jeff Zucker as CEO, told employees at a town hall meeting Thursday that he is shooting to have a new show…
“Angry Netflix employees take to Twitter after getting laid off” Angry Netflix employees took to Twitter Thursday after learning they had been laid off at the streaming giant, home to hit shows like “Inventing Anna,” “Squid Game” and “Bridgerton.” Although the exact number of layoffs could not be immediately learned, many of the employees were…
“Robinhood Markets to cut its workforce by 9%” Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 9% of its full-time employees, sending its shares down 5% in extended trade. The company, which is reporting its quarterly results later this week, said the rapid headcount growth has led to some…
“Chris Wallace breaks silence on CNN+ collapse” Veteran news anchor Chris Wallace broke his silence about the abrupt collapse of the CNN+ streaming service – revealing his future role at the left-leaning network is unclear once the platform is shuttered. Wallace’s interview show, “Who’s Talking to Chris Wallace?” is one of several programs that will…
“David Zaslav wants to set CNN apart from ‘advocacy networks’” Warner Bros. Discovery boss David Zaslav wants CNN to focus on the facts and set itself apart from a cable-news industry that he says is monopolized by “advocacy networks.” Zaslav, who took the helm of the new company this week, wasted no time laying out…
“Better.com CEO Vishal Garg said $200M wasted on over-hiring” Fresh details have emerged about Better.com CEO Vishal Garg’s infamous firing of 900 employees on a Zoom call last December — with a leaked video revealing the brash boss told the startup’s remaining workers that he should have done it sooner. Garg gave a dire forecast…
“BuzzFeed News union votes to strike as job cuts loom” The union representing journalists in BuzzFeed’s news division have overwhelmingly voted to strike just days after three of the site’s top editors resigned — with buyouts and layoffs likely at the money-losing operation. “Today, our unit came together and voted overwhelmingly to authorize a strike,”…