Business Operations
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NPR is cutting 10% of its staff, or about 100 employees, to help make up a budget shortfall of $30-$32 million due to revenue declines.
After 25 yeas with Google and 9 as YouTube CEO, Susan Wojcicki is stepping down to serve in an advisory role.
Gannett ends most online comments; users gripe about clampdowns on Netflix password sharing, Facebook fined $1M for misconduct.
FIS announced plans to spin-off Merchant Solutions Worldpay but would continue to maintain a strong commercial relationship with the company they acquired in 2019.
Yahoo is laying off 1,600 employees, or 20% of workforce, as company restructures its ad tech division.
Disney announced they would cut 7,000 jobs and cut expenses by $5.5B as part of a companywide strategic restructuring.
Last week, Marquee Brands announced that it has acquired a majority stake in America’s Test Kitchen.
Eighteen months after its relaunch, Gawker is being shuttered again. Parent company Bustle Digital Group is also laying off 8% of staff companywide.
In its Q4 and full-year 2022 earnings report, Amazon reports a net loss of $2.7B for the year, though the company still experienced revenue gains.
Connected fitness company Peloton is making significant improvements in subscription revenue and other categories.
