CNN staffers fear layoffs as network inks deal with the AP
CNN staffers are concerned that a new contract with The Associated Press could lead to job cuts at the third-largest cable news network. CNN has signed a deal with the Associated Press to use its stories on its website for the first time since it severed ties with the news agency 14 years ago. But […]
Massive layoffs hit Media Matters after Elon Musk lawsuit
For many years, Media Matters has existed solely as a watchdog against the right, which often seeks to destroy conservatives’ lives through cancel culture. Now the media company is undergoing major layoffs after Elon Musk took the company to court in November — and Lauren Chen is happy about it. “They’re basically a left-wing watchdog […]
Daily Beast boss Joanna Coles scrambles to recruit ex-CNN host Brian Stelter amid massive layoffs
The Daily Beast’s new president, Joanna Coles, is rushing to hire high-profile names like fired CNN host Brian Stelter and is also planning to cut more than a third of its staff, according to information obtained by The Washington Post. Coles was brought in last month by media mogul Barry Diller and Disney bigwig Ben […]
Stan Van Gundy slams ESPN over how they ‘s–t’ on brother during layoffs
Stan Van Gundy harbors a grudge against ESPN over the firing of his brother, former Knicks coach Jeff Van Gundy, last year. Jeff Van Gundy and Mark Jackson served as play-by-play announcers for ESPN for many years, along with play-by-play announcer Mike Breen, but Van Gundy was fired last year in a major cutback and […]
Luxury Electric Vehicle Maker Becomes Latest In Industry To Announce Huge Layoffs
Electric vehicle (EV) maker Lucid Motors has announced job cuts as it seeks to cut costs in the wake of a slowing market. The layoffs affect 6% of the company’s workforce, or about 400 people. trim From all employee levels, including leadership and middle management, according to Lucid is one of several electric vehicle makers […]
Media Matters hit with sweeping layoffs after defamation suit by Elon Musk, federal probes
Liberal watchdog group Media Matters fired at least 12 staff members on Thursday, with executives and some of the fired journalists blaming X Inc. owner Elon Musk for the cuts. The billionaire tycoon sued the Washington, DC-based nonprofit. Defamation in November of last yearThey accused the company of fabricating images showing advertisements for major companies […]
ABC staffers blame ‘GMA3’ host’s biker-shorts pics on layoffs of social-media ‘nannies’ at network
ABC News staff blames scandal Provocative Instagram photo posted by Good Morning America 3 co-host DeMarco Morgan Last year’s wave of layoffs resulted in casualties among executives tasked with monitoring the social media accounts of the station’s on-air talent, the Post reported. The Post reported on Wednesday that ABC News executives sounded the alarm over […]
Under Armour CEO Plank Warns Of Plunging Sales and Layoffs Ahead
Under Armor is walking the plank again. On Thursday, the company announced earnings that fell short of Wall Street expectations, and co-founder Kevin Plank, who returned to the reins in March, warned that the sportswear brand’s revival will take time. Plank said the company expects sales to decline by more than 10% this fiscal year […]
Warner Bros. Discovery hiking Max price, mulling layoffs: report
Warner Bros. Discovery is considering additional opportunities to reduce costs and increase prices for its Max streaming platform. Bloomberg News reported Wednesday, citing people familiar with the matter. The cost-cutting plan could reportedly include possible job cuts at the media company, which has already cut more than 2,000 positions over the past year. The company’s […]
Hollywood CEOs Received Big Compensation Increases Amid Mass Layoffs
In liberal Hollywood, the rich got richer and everyone else got poorer or fired. In 2023, Hollywood CEOs and other top executives were buzzing like bandits, with nearly every studio head receiving a hefty raise or raise. Their windfall stands in stark contrast to employees who had to endure mass layoffs, budget cuts, and two […]