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by IPB 06/29/2020, 4:04am PDT |
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Group Nine, publisher of Thrillist, The Dodo, Popsugar and others, announced towards the end of March that the executive leadership team is taking a pay cut of roughly 25% for the remainder of the year while CEO Ben Lerer will give up about six months worth of pay. Additionally, the company has frozen its hiring and eliminated its summer internship program for 2020. Benefits, such as non-mandatory merit raises and matching 401(k) contributions, have also been suspended for an indefinite amount of time, according to a company spokesperson.
Vice announced that for 90 days, its workforce is adapting to a four-day work week in exchange for a 20% reduction for those earning $125,000 in the U.S and 10% for those earning $100,000 to $125,000, according to a source familiar with the company. Executives are specifically taking a 25% reduction.
BuzzFeed last week announced there would be graduated salary reductions starting at 5% for employees making $40,000 to $64,900, up to 14-25% for certain executives making above $225,000 annually, while CEO Jonah Peretti isn’t taking any salary for the remainder of the crisis, according to an internal memo shared with Digiday.
Group 9 laid off 7% of its staff |
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This is the thread for corona layoffs by IPB 05/06/2020, 5:48pm PDT 
I think Kickstarter was firing people for forming a union by Ichabod 05/06/2020, 6:24pm PDT 
30 million claims for unemployment by DoL 05/06/2020, 9:49pm PDT 
Holland America cruise line lays off 2000 workers NT by IPB 05/14/2020, 4:01pm PDT 
What kind of a piece of shit runs a company that can't survive for 2 months? NT by Ichabod 05/14/2020, 4:07pm PDT 
Quartz news site to lay off 80 workers NT by IPB 05/14/2020, 5:07pm PDT 
The state of Michigan furloughs 31K state workers NT by IPB 05/14/2020, 5:08pm PDT 
Uber, Lyft, and AirBnB fire over 15% of staff NT by IPB 05/14/2020, 5:11pm PDT 
Vice lays off 155 staff NT by IPB 05/15/2020, 12:16pm PDT 
From Corona to the sea NT by Journalism will be free 05/15/2020, 1:05pm PDT 
Virgin Atlantic cuts over 3000 jobs NT by IPB 05/15/2020, 12:18pm PDT 
Cirque de Soleil laid off 95% of workers NT by IPB 05/15/2020, 12:20pm PDT 
Cheesecake factory furloughed 41,000 workers by IPB 05/16/2020, 12:00pm PDT 
CUNY laying off hundreds of adjunct professors NT by IPB 05/16/2020, 12:04pm PDT 
Buzzfeed lays off 20 journalists, drops UK/Aus coverage, negotiating with union NT by to fire them -IPB 05/16/2020, 12:14pm PDT 
3000 more at Uber, plus 45 offices by blackwater 05/18/2020, 9:20am PDT 
I have heard stories that Uber workers were really cocky. by Ichabod 05/18/2020, 10:18am PDT 
Re: I have heard stories that Uber workers were really cocky. by Mysteriobama 05/19/2020, 10:00pm PDT 
You escaped COVID-19 and Uber in the same year! by Ice Cream Jonsey 05/27/2020, 8:56pm PDT 
Uber is outsourcing a bunch of stuff to India right now, from what I hear. NT by blackwater 05/28/2020, 6:27pm PDT 
Pier 1 completely shutting down NT by Ichabod 05/19/2020, 8:28pm PDT 
IBM and Hewlett-Packard layoffs in thousands NT by IPB 05/24/2020, 3:23pm PDT 
The Atlantic lays off 20% of staff NT by IPB 05/24/2020, 3:25pm PDT 
Mostly "Events" staff (Aspen Ideas festival, etc.) NT by Vested Id 05/24/2020, 7:01pm PDT 
Boeing lays off almost 7000 people NT by IPB 05/27/2020, 6:35pm PDT 
CBS lays off 300-400 workers NT by IPB 05/28/2020, 12:33pm PDT 
Mark Knoller canned, their most trustworthy journalist NT by Vested Id 05/28/2020, 11:15pm PDT 
MSN replaces dozens of journalists with AI NT by IPB 05/30/2020, 1:41pm PDT 
Sounds like an Office Space situation by Vested Id 05/30/2020, 3:03pm PDT 
My local game store. Riots, not covid. by Kirahu Nagasawa 05/31/2020, 11:06am PDT 
Slavery was a mistake NT by Should have kept them in Africa 05/31/2020, 1:25pm PDT 
Re: Slavery was a mistake by JPG Man 05/31/2020, 1:32pm PDT 
Why can't they riot and set cars on fire over their sports team losing? NT by like good white people 05/31/2020, 2:05pm PDT 
Brazilians are white? NT by IPB 05/31/2020, 2:19pm PDT 
A lot of Minnesotiaians are and I hate them all NT by Non-broken guy 05/31/2020, 4:10pm PDT 
Let's stay on topic. NT by Mr. 3000 and his blob 05/31/2020, 4:34pm PDT 
Arizona D-backs cut a quarter of staff NT by IPB 06/01/2020, 4:33pm PDT 
Playboy lays off editorial staff. Can't be read for the articles anymore NT by IPB 06/01/2020, 8:42pm PDT 
I once felt intimidated by Playboy. Now they can't exist. NT by Breeze 06/01/2020, 9:28pm PDT 
Funko culls 250 workers. Gamestock shares tumble NT by IPB 06/04/2020, 5:17pm PDT 
I... tried... by Greatest president 06/04/2020, 5:35pm PDT 
You do realize that's a sloppy photoshop, right? NT by Mischief Killjoy 06/04/2020, 5:46pm PDT 
It's 100% real NT by That's Barry 06/04/2020, 5:56pm PDT 
The Athletic and SB Nation lay off staff. NBA, NFL, college football mostly NT by IPB 06/06/2020, 6:28am PDT 
The Athletic deserves this by Horus Truthteller 06/06/2020, 8:06am PDT 
BP lays off 10,000 NT by IPB 06/08/2020, 8:39pm PDT 
AEG to have 'significant' layoffs NT by IPB 06/08/2020, 8:46pm PDT 
American Cancer Society lays off 1000 people NT by IPB 06/14/2020, 10:43am PDT 
Lufthansa to cut 22,000 full-time jobs NT by IPB 06/14/2020, 10:44am PDT 
Starbucks to close up to 400 stores NT by IPB 06/14/2020, 10:45am PDT 
US Tennis Association Cuts 110 Jobs, roughly 20% of its workforce NT by IPB 06/14/2020, 10:46am PDT 
La-Z-Boy to cut 850 jobs, close Mississippi factory NT by IPB 06/14/2020, 10:47am PDT 
T-Mobile/Sprint and AT&T laying off thousands NT by IPB 06/16/2020, 4:57pm PDT 
GoDaddy closing Austin location, over 300 people fired NT by IPB 06/25/2020, 3:37am PDT 
WeWork lays off 200 in UK NT by IPB 06/29/2020, 3:57am PDT 
heh NT by irony 01/26/2021, 2:47pm PST 
Sonos lays off 12% of workforce, closing NY store NT by IPB 06/29/2020, 3:58am PDT 
Atlas Obscura lays off 15, digital media taking pay cuts by IPB 06/29/2020, 4:04am PDT 
Caltrops is the new FUCKEDCOMPANY.COM NT by Pud 06/29/2020, 1:29pm PDT 
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