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“#Union turmoil erupts at Daily News owner as hedge fund pushes buyouts” Tribune Publishing is asking all of its full-time editorial staffers to consider voluntary buyouts at all nine major metro dailies in the chain, which is now controlled by the cost-slashing hedge fund Alden Global Capital. But turmoil has erupted this week inside the…
“#Hearst offers buyouts to all sales and marketing staffers” Hearst Magazines, which has mostly avoided layoffs since the pandemic began, said Thursday it will offer voluntary buyouts to all its sales and marketing employees as well as the iCrossing digital ad agency in the US. The publisher of Cosmopolitan, Esquire and Harper’s Bazaar did not…
“#Shake up at Gothamist as WNYC axes editor-in-chief” Three years after being rescued by listener-supported WNYC radio, NYC-focused website Gothamist suffered a jolting round of layoffs on Friday that cut loose its editor-in-chief. “My incredible 15 year journey with @Gothamist came to an end today. I was laid off,” tweeted editor-in-chief John Del Signore. Gothamist’s…
“#Workers file 547K new jobless claims in sign layoffs are slowing” The number of Americans applying for unemployment benefits has hit its lowest level since the pandemic began, the Labor Department reported Thursday. First-time claims for unemployment insurance totaled 547,000, significantly below the Dow Jones estimate for 603,000, putting the economy on track to return…
“#Nokia cutting up to 10,000 jobs in corporate restructuring” Nokia on Tuesday said it plans to slash up to 10,000 jobs over the next two years as it forges ahead with a corporate restructuring. The layoffs are part of a cost-cutting effort that will help free up funds for investments in research and development along…
“#BuzzFeed takes buzzsaw to newly acquired HuffPost” Just three weeks after finalizing a deal to buy HuffPost, Jonah Peretti’s BuzzFeed is taking a buzzsaw to the left-leaning news and culture site. BuzzFeed on Tuesday said it made a series of cuts in HuffPost that will result in 47 US jobs lost, including Executive Editor Hillary…
“#779,000 filed as COVID crisis continues” American workers filed 779,000 applications for unemployment benefits last week in the latest sign that the labor market is still in the throes of its coronavirus crisis. The newest batch of initial jobless claims brought the total for the COVID-19 pandemic to roughly 77.2 million — a number nearly…
“#ByteDance slashes jobs in India amid ongoing TikTok ban” TikTok parent ByteDance is slimming down its workforce in India, where the video-sharing app might be gone for good. The Beijing-based tech giant announced cuts to its more than 2,000-person India staff on Wednesday after officials there decided to maintain a ban on TikTok and 58…
“#Instacart axes 1,900 staff, including its only unionized workers” Instacart will lay off its only unionized workers as part of a plan to ax nearly 1,900 employees stationed in supermarkets across the country. The grocery delivery firm employs several thousand shoppers who pack grocery orders at stores for pickup or delivery. That’s unlike the roughly…
“#Job cuts in media topped 30,000 in 2020” The media industry was racked by a record 30,711 job cuts in 2020 — a stunning increase of 201 percent from the year earlier when 10,201 jobs were lost. The figures, which were rolled out Thursday by outplacement firm Challenger, Gray & Christmas, included jobs data from…