CynicalContrarian said:Alternative :
Women are slowly but surely destroying the tech world and workplace-- it's painful. I've witnessed it firsthand the last 7+ years.
The BuzzFeed thread
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Women are slowly but surely destroying the tech world and workplace-- it's painful. I've witnessed it firsthand the last 7+ years.
Update on Talia Lavin's NYU course
Via Jon Levine's tweet:
Only two students signed up. :lol:
Her faculty bio has been scrubbed from the NYU Faculty website.
Via The Wrap:
Via Jon Levine's tweet:
Only two students signed up. :lol:
Her faculty bio has been scrubbed from the NYU Faculty website.
Via The Wrap:
"BuzzFeed lays off 47 HuffPost workers weeks after acquisition."
New York Post linkWhen BuzzFeed announced last year that it would buy HuffPost, it was expected that cost-cutting would follow the completion of the deal. On Tuesday, less than a month after the acquisition went through, BuzzFeed laid off 47 workers at HuffPost and closed the publication’s Canadian edition.
At a virtual company meeting, BuzzFeed’s chief executive, Jonah Peretti, said the layoffs were meant to stem losses at HuffPost. HuffPost, which was previously owned by Verizon Media, lost more than $20 million last year and was on track to lose the same amount this year, Mr. Peretti told the staff according to an account of the meeting provided by BuzzFeed.
Employees were given a password to enter the meeting — “spr!ngisH3r3,” a variation on the phrase “spring is here.” The staff members were then informed that if they did not receive an email by 1 p.m., their jobs were safe. The website Defector first reported on the password and other details of the meeting, which were confirmed by two people who attended the meeting and spoke on the condition of anonymity to describe internal discussions. A BuzzFeed spokesman told The New York Times that the company regretted the password’s tone.
The HuffPost Union, which is affiliated with the Writers Guild of America East, said in a statement that the layoffs had affected 33 of its members, nearly a third of the local union. “We are devastated and infuriated, particularly after an exhausting year of covering a pandemic and working from home,” the union said in a statement.
As part of the cutbacks, BuzzFeed closed HuffPost Canada and announced plans to decrease the size of its operations in Australia and Britain, the BuzzFeed spokesman said. At the end of the austerity measures, HuffPost would still have a larger newsroom than BuzzFeed News, the spokesman added.
From fake news,
In a bid to cut costs as the digital media company faces headwinds including an ad-spending pullback and the completion of its integration of Complex Media.
The company informed affected employees via email Tuesday that they were being terminated. “In order for BuzzFeed to weather an economic downturn that I believe will extend well into 2023, we must adapt, invest in our strategy to serve our audience best, and readjust our cost structure,” CEO Jonah Peretti wrote in a memo to employees about the job cuts.
BuzzFeed disclosed the layoffs in an SEC filing Tuesday. The company said the layoffs are “intended to reduce the company’s costs” in response to factors including “challenging macroeconomic conditions,” completing the integration of Complex Media and “eliminating redundancies where they exist” and the ongoing audience shift to short-form, vertical video, which BuzzFeed is “still developing from a monetization standpoint.”
BuzzFeed went public a year ago, launching its IPO in December 2021 through a merger with a special-purpose acquisition company. As part of the SPAC deal, BuzzFeed acquired Complex Networks from Verizon and Hearst for $300 million. Prior to its IPO, BuzzFeed bought HuffPost from Verizon. At the end of 2021, BuzzFeed reported having 1,522 employees.
For the third quarter of 2022, BuzzFeed reported a 15% increase in revenue, to $103.7 million, boosted by Complex Networks, while its net loss ballooned to $27.0 million compared with net loss of $3.6 million in the year-earlier period. “It is clear that advertisers are continuing to exercise caution around spending as a function of strong macroeconomic headwinds,” CFO Felicia DellaFortuna said on the earnings call in discussing expectations of a “seasonal lift” in Q4 revenue but one that would be “somewhat muted” relative to prior years. She also told analysts that BuzzFeed is “focused on further optimizing our cost base” to “preserve cash over the coming quarters.”
The bulk of BuzzFeed’s layoffs occurred Dec. 6, with only a few cases of severance extending into 2023, according to the company. Restructuring charges are anticipated to be between $8 million to $12 million, recognized primarily in the fourth quarter of 2022.
In March 2022, Peretti said the company would reduce the headcount at BuzzFeed News overall by 1.7% going forward as well as laying off members of the BuzzFeed video team, Complex Networks’ editorial staff, and employees on the business and administrative teams.
Read Peretti’s Dec. 6 memo to staffers:
I am writing to announce some very difficult changes today across the company. We are reducing our workforce by approximately 12% and letting many talented colleagues go.
BuzzFeed Lays Off 12% of Employees
Digital media company is letting go about 180 staffers amid "challenging macroeconomic conditions"In a bid to cut costs as the digital media company faces headwinds including an ad-spending pullback and the completion of its integration of Complex Media.
The company informed affected employees via email Tuesday that they were being terminated. “In order for BuzzFeed to weather an economic downturn that I believe will extend well into 2023, we must adapt, invest in our strategy to serve our audience best, and readjust our cost structure,” CEO Jonah Peretti wrote in a memo to employees about the job cuts.
BuzzFeed disclosed the layoffs in an SEC filing Tuesday. The company said the layoffs are “intended to reduce the company’s costs” in response to factors including “challenging macroeconomic conditions,” completing the integration of Complex Media and “eliminating redundancies where they exist” and the ongoing audience shift to short-form, vertical video, which BuzzFeed is “still developing from a monetization standpoint.”
BuzzFeed went public a year ago, launching its IPO in December 2021 through a merger with a special-purpose acquisition company. As part of the SPAC deal, BuzzFeed acquired Complex Networks from Verizon and Hearst for $300 million. Prior to its IPO, BuzzFeed bought HuffPost from Verizon. At the end of 2021, BuzzFeed reported having 1,522 employees.
For the third quarter of 2022, BuzzFeed reported a 15% increase in revenue, to $103.7 million, boosted by Complex Networks, while its net loss ballooned to $27.0 million compared with net loss of $3.6 million in the year-earlier period. “It is clear that advertisers are continuing to exercise caution around spending as a function of strong macroeconomic headwinds,” CFO Felicia DellaFortuna said on the earnings call in discussing expectations of a “seasonal lift” in Q4 revenue but one that would be “somewhat muted” relative to prior years. She also told analysts that BuzzFeed is “focused on further optimizing our cost base” to “preserve cash over the coming quarters.”
The bulk of BuzzFeed’s layoffs occurred Dec. 6, with only a few cases of severance extending into 2023, according to the company. Restructuring charges are anticipated to be between $8 million to $12 million, recognized primarily in the fourth quarter of 2022.
In March 2022, Peretti said the company would reduce the headcount at BuzzFeed News overall by 1.7% going forward as well as laying off members of the BuzzFeed video team, Complex Networks’ editorial staff, and employees on the business and administrative teams.
Read Peretti’s Dec. 6 memo to staffers:
I am writing to announce some very difficult changes today across the company. We are reducing our workforce by approximately 12% and letting many talented colleagues go.
Maybe they can learn to code!
Talia Lavin it turns out is now Tal Lavin, because of course he/she/it is:Update on Talia Lavin's NYU course
Via Jon Levine's tweet:
Only two students signed up. :lol:
Her faculty bio has been scrubbed from the NYU Faculty website.
Via The Wrap:
Wikipedia:
Caduceus
Ostrich
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dicknixon72
Pelican
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21 INTERESTING PLATITUDES TO INCLUDE WHEN YOU'RE LAYING OFF EVERYONE
21 INTERESTING PLATITUDES TO INCLUDE WHEN YOU'RE LAYING OFF EVERYONE
