Emma Choi, NPR’s first Gen Z podcast host, went from being an intern to landing her own show in less than a year. Then she got laid off.
Category: Layoffs and Job Reductions
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BuzzFeed Shuts Down Its News Division
BuzzFeed News, which won a Pulitzer Prize but never made money, is “beginning the process of closing,” the company’s founder, Jonah Peretti, said in a memo to employees.
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David’s Bridal Files for Bankruptcy for Second Time in Five Years
The wedding dress retailer, which has some 300 locations, said it “intends to continue exploring a sale of all or some of its assets.”
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N.B.A. Blames Economy for Hiring Freeze and Budget Cuts
In a memo, the league said it was “facing a very different economic reality than just one year ago.”
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California Economy Is on Edge After Tech Layoffs and Studio Cutbacks
As recession fears persist, the troubles in major industries have hurt tax revenues, turning the state’s $100 billion surplus into a deficit.
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Job Openings Fell in February, JOLTS Report Shows
The data shows the job market continues to ease off its red-hot pace, but there are still more openings than unemployed workers in the country.
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Richard Branson’s Virgin Orbit Files for Bankruptcy
The satellite launch company, founded by Richard Branson, announced sweeping cuts last week as it struggled to recover from a high-profile rocket failure in January.
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Norfolk Southern’s Push for Profits Compromised Safety, Workers Say
The New York Times – Business:Federal officials are investigating the railroad’s safety practices and culture after the derailment in East Palestine, Ohio, and worker deaths.
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Virgin Orbit’s Failed Launch Is a Blow to the Company
The New York Times – Business:Richard Branson’s satellite launch company, which hasn’t recovered since a January mishap in Britain, has laid off nearly all its employees.