The company, which debuted last year with big plans to disrupt journalism, generated only $3 million in revenue by the end of December.
Category: Layoffs and Job Reductions
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Xerox to Cut 15% of Its Work Force in the First Quarter of 2024
The move is the printer maker’s latest as it tries to shift more toward its business services offerings.
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The Messenger Plans Layoffs Amid Hunt for Cash
The company, an aggressive entrant to the digital news space, is expected to cut roughly two-dozen employees this week.
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Cheddar, the ‘CNBC for Millennials,’ Furloughs Workers
The “post-cable” news network said “unforeseen internal and external factors” caused the sudden work stoppage.
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The Eugene Weekly Halts Publication After Employee’s Embezzlement
The Eugene Weekly had to lay off its entire 10-person staff after it uncovered years of theft by an employee, the editor said.
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Serious Medical Errors Rose After Private Equity Firms Bought Hospitals
A new study shows an increase in the rate of inpatient complications, including infections and falls, though patients were no more likely to die.
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Hasbro to Cut 1,100 Jobs as Weak Toy Sales Persist
The announcement that the toymaker was eliminating nearly 17 percent of its work force came during the critical holiday shopping season.
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U.S. Job Growth Holds Up as Economy Gradually Cools
Interest rate increases have taken the edge off labor demand, but unemployment dipped in November, and wages rose more than expected.
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Washington Post Journalists Go on One-Day Strike
The 24-hour strike is the first walkout at The Post since the 1970s, union leaders said.
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U.S. Job Openings Dropped in October
The number of openings fell to 8.7 million from 9.3 million in September, the Labor Department said, a sign of continued cooling in the labor market.
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Spotify to Cut 1,500 Jobs in Third Round of Layoffs this Year
The music streaming service has expanded into podcasting and audiobooks but found it difficult to turn a consistent profit.