![]() And companies that haven’t laid off staffers have taken strong measures to reduce spending. CNN, NBC News, MSNBC, Vox Media, The Washington Post, BuzzFeed, Dotdash Meredith, Gannett and other news organizations have cut their workforces in recent months. In recent months, the media and technology sectors have taken a battering as advertisers tighten spending amid economic uncertainty.Īcross the news industry, layoffs have been rampant. The company officially relaunched the website in the summer of 2021. I had an absolute blast, and I love you,” Finnegan wrote.īDG purchased the rights to Gawker in a 2018 bankruptcy auction after the gossip website was forced to shut down after losing a massive lawsuit from former wrestler Hulk Hogan. “Can’t say enough about how proud I am of the site and all the brilliant people who worked to create it, and what a staggering shame this is. It’s a business decision, and one that, reluctantly, must be made.”įinnegan tweeted Wednesday morning that Gawker had “an incredible 1.5 years” but that “BDG has decided it is done with Gawker 2.0.” But in this new reality, we have to prioritize our better monetized sites. Gawker published a lot of brilliant pieces in these nearly two years. “We are proud of the site that and her team built. ![]() “The most noticeable change you will see today is that BD will be suspending operations of Gawker,” Goldberg wrote. Those changes, he said, would result in laying off 8% of the media company’s full-time staff. ![]() In an email to employees, chief executive Bryan Goldberg said the company is “facing a surprisingly difficult” first quarter of 2023 and had made the decision to “reprioritize” some of its investments that “better position the company for the direction we see the industry moving.” The digital media conglomerate BDG, which houses brands such as Elite Daily and Bustle, announced on Wednesday that it will slash its workforce by 8% and shutter the recently relaunched news and gossip website Gawker.
0 Comments
Leave a Reply. |