HuffPost began putting employees on Thursday after the news that its parent Verizon Media Group would cut staff by 7%.
The HuffPost staff began receiving calendar invitations to meet human resources in the morning, according to HuffPost reporter Andy Campbell. Among the areas affected were the editorial editorial team that was eliminated according to Chloe Angyal one of the authors affected by the statement.
One day before, Verizon Media sent CEO Guru Gowrappan staff to say the company would focus on three priorities in the first quarter, including mobile and video focused products. The cuts are expected to affect approx. 750 employees.
The company has not provided further details on which parts of Verizon Media will be most affected, but said the decision was made to "focus business and government teams across Verizon Media and Verizon."
"Our goal is to create the best experiences for our consumers and the best platforms for our customers. Today, it is a strategic step towards better implementing our growth and innovation plans in the future," says a Verizon spokesman Media in a statement to business insider.
Verizon Media Group ̵
In December, Verizon announced that it expected to write down the value of the company by $ 4.6 billion. Kr. In the fourth quarter of 2018. In a branch of the Securities and Exchange Commission, the company cited competitive pressure in the digital advertising business and an integration between Yahoo and AOL, which has never achieved the benefits Verizon expected.
And in January, Verizon CEO Hans Vestberg Axios told Verizon Media to make money without using Verizon's huge subscriber data, a strong recall of the original assumption for the acquisition.
In addition to HuffPost, BuzzFeed and Gannett also announced redundancies this week.