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All tag results for layoffs

Tidal CEO Steps Down As Dozens Of Employees Are Let Go! Is Jay Z's Streaming Service Already In Trouble???

Filed under: Music MinuteBeyonceJack WhiteJAY-ZBusiness Blitz

Things are NOT looking good for Tidal!

Well this does NOT sound like good news for Tidal!

It's been less than a month since Jay Z launched his premium music streaming service, and the company is apparently already undergoing a MAJOR personnel change!

[ Related: Jay Z, Beyoncé, Madonna, & MORE Gather For A HUGE Announcement From TIDAL! ]

Andy Chen, who was a CEO of the Tidal's parent company, Aspiro Group, has reportedly stepped down and will be replaced by former Aspiro CEO Peter Tonstad!

The news comes on the heels of reports that up to 25 more Tidal employees have already been let go. However, the company says that "less than half" of that reported number have actually left.

Tidal released a statement on the big change, saying:

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Martha Stewart Fires Nearly 50 Employees After Former CEO Leaves To Join Gwyneth Paltrow At Goop!

Filed under: Martha StewartSad SadBusiness BlitzGIFs

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Martha Stewart has reportedly fired almost 50 employees in a town hall meeting that took place on Wednesday - nearly one week after former CEO Lisa Gersh left to head Gwyneth Paltrow's Goop.

We're not saying the two things are related, but it's all falling together rather coincidentally! CEO leaves to work for a competitor with a heated history, and workplace chaos ensues during a transition in leadership.

[ Related: Martha Stewart Says Gwyneth Paltrow Should Stick To Acting! ]

A spy inside the meeting revealed workers were crying and very upset by the layoffs - and sales/marketing departments were hit hardest.

What's even worse -

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Jay Leno Burns Network About Layoffs During Monologue

Filed under: Jay LenoBusiness Blitz

Don't let his cuddly exterior fool ya!

Mess with Jay Leno, and you will feel his WRATH!

The Tonight Show talk show host was on a roll during his opening monologue where, right off the bat, he called out Comcast for laying off staff members even though the show is absolutely a cash cow for the network.

Watch (above) the HIGHlarious zingers for yourself!!!

Loyalty: the things it will make you do and say.

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AOL To Fire 900 Employees After Acquiring Huffington Post

Filed under: Tech TalkSad Sad

AOL Layoffs

That hurts.

In order to integrate the Huffington Post into the AOL family, the company will be eliminating 900 jobs as they restructure the blog to try to return to revenue growth.

AOL's U.S., Chief Executive Officer Tim Armstrong wrote in a memo to employees on Thursday that the company will cut as many as 700 jobs in India and 200 in the U.S.

At the Bloomberg Media Summit in New York, Armstrong said:

“The changes for me today are very personal. AOL employees deserve a tremendous amount of credit because I don’t think it’s easy to go from managing decline to managing growth."

That should ease the pain.

Despite the cuts and the declining revenue even before purchasing the Huffington Post for $315 million, the executive maintains the company is focusing on growth, saying:

“Our strategy remains clear: create high quality content experiences for consumers, at scale. Today, we are announcing an organizational structure that will significantly improve AOL’s ability to focus on growth.”

“AOL will turn around," he added. "I have no doubt about that.”

For the 5,860 employees sake, we hope he's right.

Do U think AOL will turn around with the acquisition of the Huffington Post or continue to decline?

[Image via WENN.]

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Dear Providence: This Is INSANE!!!

Filed under: Icky Icky PooPolitik


The world is going to hell all over.

Last night, it was decided by the Providence School Board of Rhode Island that termination letters would be sent to all, yes ALL, of the city's nearly 2,000 teachers in an effort to have "maximum flexibility" to make budget cuts.

A travesty! How could they do such a thing to the community?!

Mayor Angel Taveras was on hand at the board's meeting to hear the vote, along with more than 700 teachers who implored the voters to do the right thing and save their futures as educators. But even the power of their numbers couldn't save them from their fate - the board voted 4-3 in favor of sending termination letters.

Now, they all face the uncertainty of losing their jobs come the end of this year. Some of them maybe spared from the layoffs, but the majority will not.

Mayor Taveras said in a statement that although he was sensitive to the teachers plight and their uncertain futures, "putting Providence back on solid financial footing will require shared sacrifice across our community."

This is…deplorable. How did you screw things up so badly that you need to wipe your schools clean of their teachers, Mr. Mayor? How about your fire the city's accountants for mismanaging your funds so atrociously, instead of leaving the people who are educating the future of your city in the lurch?!

Our deepest sympathies go out the the teachers of Providence for being dealt this heavy blow, as well as their students, who are the ones who are really going to be losing out in the end.

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It's Official: MySpace Lays Off 500 Employees

Filed under: Sad SadBusiness Blitz


Does this mark the end of MySpace? It doesn't support the contrary.

Execs at MySpace made the official announcement today that they are laying of 47% of their workforce for the social networking site. CEO Mike Jones noted that the percentage would find approximately 500 employees across all of their global divisions out of work. Though this is a massive loss of their workforce, Mike tried to put a positive spin on the change and hinted that the changes to come could save the company. He explained:

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Major Layoffs At MySpace!

Filed under: Tech TalkBusiness Blitz


This is awful to hear, especially at the start of a new year.

Sources are reporting that MySpace, which has been struggling for awhile now to compete with other social networking sites, may have plans to layoff off a significant amount of its staff - half of them, to be exact.

We're hearing that as much as 50 percent of the 1,100 employees at Myspace could be let go. Most of those folks are based in the U.S., but are also some international offices that could get hit.

But even with the layoffs, the company still finds itself in a lot of trouble. Its recent redesign to an "entertainment hub" hasn't faired as well as they would have liked, so now, there is major talk about selling the company all together.

Such a pity. All those poor, hardworking people with no jobs. Shame.

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