Hundreds of Journos Being Laid Off

Couldn’t happen to a better bunch of liberal shitstains.

A CNN hack laments:

2020 was supposed to be a banner year for digital media. BuzzFeed, Group Nine, and Vice each indicated that this year they would be profitable, a long-elusive goal for an industry bedeviled by diminishing ad dollars.

But no one could have predicted that a global health crisis would hit just as business was picking up.
BuzzFeed CEO Jonah Peretti told staffers in a memo this week that the company had been knocked off track because of coronavirus.
“Though we were well on track to be profitable this year, the impact of the coronavirus on the global economy will almost certainly cause the company to lose money, even as we take aggressive action to control costs,” Peretti wrote.
BuzzFeed has instituted paycuts and scaled back on travel and hiring. According to the memo, which was obtained by CNN Business, Peretti will not take a salary for the rest of the year.
……A record-shattering 3.3 million Americans filed for unemployment last week after residents in many parts of the country were ordered to stay home and practice social distancing. Events were canceled, bars were shuttered, restaurants pivoted to takeout-only, and ad dollars dried up. Many industries are reeling from the ramifications of the coronavirus pandemic, and the already fragile media industry is now under serious threat.
CNN Business reported on Sunday that at least 100 people in local newsrooms in the US lost their jobs in March. By Friday, that number shot up to at least 300 people as the impact of coronavirus continues to roil newspapers and digital media companies.
……The head of G/O Media, the company formerly known as Gizmodo Media Group, which owns Deadspin, Jezebel and Jalopnik, sent a dire email to his staff last week with the subject line “Brace For Impact.”


Buzzfeed, Vice, Deadspin, and Jezebel are all leftwing rags; the less there are of them, the better.

As for the increased unemployment, that shit wouldn’t happen if the government got a fucking grip and stopped overreacting with forced shut downs.


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