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“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,”…
“BuzzFeed’s Mark Schoofs reportedly quits as losses force cuts” Investors at BuzzFeed are reportedly pressuring CEO Jonah Peretti to close down its entire money-losing news operation as senior journalists announced their resignations on Tuesday. Mark Schoffs, the editor in chief of BuzzFeed News, and two of his top deputies quit in the latest sign of turmoil at…
“Better.com workers learned of layoffs when severance checks were sent early” Better.com acknowledged mishandling another round of mass layoffs on Tuesday after some employees received their severance checks ahead of schedule – a mishap that occurred weeks after its top boss drew criticism for firing 900 employees during a Zoom call. The embattled online mortgage…
“#Laid-off Peloton employees crash new CEO’s first company meeting: report” Bitter ex-Peloton employees crashed new CEO Barry McCarthy’s first companywide meeting on Wednesday, with one accusing the company of being “awfully tone deaf,” according to a report. After laid-off staffers filled the meeting’s chat box with messages like “I’m selling all my Peloton apparel to…
“#CBS News staffers chafing under new cost-slashing boss Neeraj Khemlani” A tough, new boss at CBS News is slashing costs in a bid to revamp the struggling network — and he’s also provoking complaints from employees, with some grumbling that he is “rude” and “micromanaging.” Rank-and-file at the third-place network gripe that co-president Neeraj Khemlani…
“#US jobless claims unchanged at 205,000 amid fears Omicron could trigger layoffs” The number of Americans applying for unemployment benefits was unchanged last week, remaining at a historically low level that reflects the job market’s strong recovery from the coronavirus recession last year. Jobless claims remained at 205,000. The four-week average, which smooths out week-to-week…
“#Better.com CEO to take leave of absence after Zoom layoff disaster” Better.com Chief Executive Officer Vishal Garg is taking time off effective immediately, Vice reported on Friday, citing an email from the digital mortgage company’s board. Garg apologized earlier this week for his manner of handling layoffs at the mortgage company after a video of him…
“#Vice begins a new round of layoffs as company shifts to video” Vice Media quietly enacted a new round of layoffs Thursday, as the Brooklyn-based gonzo news company continued to shift its focus toward video content. A memo from Vice’s chief digital officer Cory Haik that was peppered with corporate-speak heralded the “growth period” of…
“#I was laid off — can I see who else got canned at my company?” I was furloughed by my company and later laid off. I asked my boss why and he said that he was given a list and my name was on it. I’m a young 60ish woman, but there were other employees…