Media company Brit + Co has laid off some of its staff because of its reorganization plans. There were no details publicly released by the company about how many employees were laid off. The only clue into the number of job cuts can be found on the company’s web page. Today there are 78 employees; just (more…)
Walt Disney Layoffs Expected While Walt Disney Co (NYSE:DIS) and Twenty-First Century Fox Inc (NASDAQ:FOXB) are largely celebrating their $66.0-billion merger, some are concerned that massive Disney layoffs are to follow the deal. Disney purchased Fox for about $66.0 billion, including debt, last week, leading to one of the largest media mergers ever. But after (more…)
Disney to Buy 21st Century Fox Century’s Movie and TV Studio Walt Disney Co (NYSE:DIS) is buying most of 21st Century Fox Inc (NASDAQ:FOXB) in a $52.4-billion blockbuster deal. The deal combines two of the biggest entertainment/media companies in Hollywood and could help Disney fend off growing competition from digital rivals like Netflix, Inc. (NASDAQ:NFLX). The acquisition (more…)
FanDuel Makes Job Cuts Following Departure of CEO FanDuel layoffs are to come, following the departure of the company’s co-founder and CEO earlier in November. The fantasy sports web site finds itself facing some tough times ahead as the company reacts to legal battles, competitors, and mounting debt. The FanDuel financial crisis comes as demands (more…)
CBS Layoffs 2017 CBS Corporation (NYSE:CBS) will be reducing its workforce through buyouts, layoffs, and eliminations of positions. In total, there will be fewer than 100 employees no longer employed by CBS when everything is said and done. This move of reducing the employee headcount will impact employees in various departments, including ones that work under the (more…)
It’s no joke. Comedy web site Cracked.com has quietly laid off numerous staff members, including senior editors. While Cracked has not made any official announcement, the layoffs have been confirmed on Twitter by those writers that were laid off. David Wong, executive editor at Cracked.com, also weighed in on the job cuts and the current state (more…)
Mashable has been sold…and it’s a steal. Immediately after this, the company announced it was laying off 50 employees. The digital media publisher was acquired by Ziff Davis, a digital media subsidiary of J2, for less than $50.0 million. Just last year, Mashable was valued at $250.0 million.
SouthComm, Inc. is going to reduce its editorial staff by 25%, which will impact employees working in the Nashville, Tennessee office. This announcement came only one month after the founder and former CEO, Chris Ferrell, stepped down.
BuzzFeed‘s layoffs for 2017 added about 100 more people to the year’s total. The Internet media company plans to reduce its U.S. staff by about seven to eight percent, as it will likely miss its revenue goals for 2017.
Sports network ESPN, owned by Walt Disney Co (NYSE:DIS), is laying off around 150 people as it continues to shift to digital media. John Skipper, president of ESPN, made the announcement to staff on Wednesday. It has been a difficult year for the cable company; the loss of 1.4 million subscribers has cost ESPN millions in revenue. (more…)