cut and paste youtub links
Everything is BROKEN Right Now (Economy, Real Estate, Business)
https://www.youtube.com/watch?v=E2NrupY0LAM
Washington Post Lays Off 20 Staffers, Shuts Down Gaming, Kids Sections
The Washington Post laid off 20 of its newsroom staffers and discontinued its gaming section and KidsPost, their news and features section aimed at children, the outlet announced on Tuesday.
“While such changes are not easy, evolution is necessary for us to stay competitive, and the economic climate has guided our decision to act now,” Washington Post executive editor Sally Buzbee wrote in a note to staff. “We believe these steps will ultimately help us to fulfill our mission to scrutinize power and empower readers.”
Buzbee added that the company is “not planning further job eliminations at this time.”
The layoffs come after Post publisher Fred Ryan outraged staffers last month when he announced that a “number of positions” would be terminated at the beginning of 2023.
The company also announced that it would keep another 30 vacancies unfilled.
The layoffs also came days after Post owner Jeff Bezos made a surprise appearance in the company’s newsroom where he “asked about the state of the business and why some journalists and executives were leaving,” according to the Post.
However, it was reported this week that Besoz may sell the Post to fund the purchase of the NFL’s Washington Commanders.
The Washington Post Guild denounced the company’s move and argued there “should be zero” layoffs.
“While the number of people affected is reportedly far smaller than what Publisher Fred Ryan initially alluded to in his layoff announcement at last month’s town hall, we believe any job eliminations right now are unacceptable,” the Washington Post Guild told Axios. “The number should be zero.”
“But to be clear, we believe any job eliminations right now — at a time of continued growth and expansion — are unacceptable,” the Guild reportedly said. “To our colleagues impacted today, we are sorry, and we’re here for you.”
Jordan Dixon-Hamilton is a reporter for Breitbart News. Write to him at jdixonhamilton@breitbart.com or follow him on Twitter.
Washington Post Hit With Biden-Era Layoffs as Subscriptions Plummet
Trump was right: 'All forms of media will tank if I'm not there'
What happened:
The Washington Post began to lay off some employees on Tuesday, less than a week after billionaire owner Jeff Bezos made an appearance at a newsroom meeting. The paper is eliminating 20 existing positions and will leave another 30 vacancies unfilled.
Background:
• Post publisher Fred Ryan announced in mid-December that the company was preparing to lay off a "single-digit percentage" of its 2,500-person staff. In November, the Post shuttered its Sunday magazine and fired 10 staffers, including the paper's "Pulitzer Prize-winning dance critic."
• The journalism industry has been wracked by layoffs since President Joe Biden took office and former president Donald Trump retreated from public view. CNN fired hundreds of staffers in December; Vox Media did the same earlier this month, citing the "economic climate."
What they're saying:
The Washington Post Guild issued a defiant response to the firings: "We believe any job eliminations right now—at a time of continued growth and expansion—are unacceptable."
Fact check:
The Post is definitely not in the midst of "a time of continued growth and expansion." The paper lost half a million subscribers since Trump left office in January 2021, a decline of roughly 20 percent, and was on track to lose money in 2022 after years of profitability.
Bottom line:
Trump often said he was "the best thing to ever happen" to mainstream media outlets like the Washington Post. "Newspapers, television, all forms of media will tank if I'm not there," he predicted in 2017. "Without me, their ratings are going down the tubes."
He was right.
Report: Politically-Connected IBM Outsources More U.S. Tech Jobs to India
Multinational tech corporation IBM is reportedly outsourcing more United States-based tech jobs to lower-wage India as executives rake in enormous annual salaries.
IBM, with a long history of laying off older American employees to either outsource their jobs to a foreign country or replace them with foreign H-1B visa workers, has sent about 80 American developer jobs to India, according to The Register.
In India, tech wages are significantly lower than in the U.S. For instance, tech developers in the U.S. earn, on average, more than $109,000. Meanwhile, those same positions in India go for an average salary of about $38,000.
Most of those who saw their jobs sent to India and who have not found another job within IBM are “all older, retirement-eligible employees,” an insider tells The Register.
The Register reports:
Prior to this transition, said to taken place in the third quarter of 2022, AIX development was split more or less evenly between the US and India, an IBM source told The Register. With the arrival of 2023, the entire group had been moved to India. [Emphasis added]
…
Roughly 80 US-based AIX developers were affected, our source estimates. We’re told they were “redeployed,” and given an indeterminate amount of time to find a new position internally, in keeping with practices we reported last week based on claims by other IBM employees. [Emphasis added]
The outsourcing scheme comes as IBM executives settled with former American employees who sued the tech corporation, alleging age discrimination. According to those fired, they were let go and replaced with younger employees.
Despite laying off thousands of American workers, and now having more employees on the payroll in India than the U.S., IBM executives continue raking in enormous salaries.
IBM CEO Arvind Krishna, in Fiscal Year 2021, enjoyed a nearly $18 million salary. Likewise, General Counsel Michelle Browdy took in more than $6.6 million while CFO James Kavanaugh earned more than $10 million.
Gary Cohn, now vice chairman at IBM after serving in the Trump administration, raked in nearly $10 million in Fiscal Year 2021.
The tech corporation has vast political connections in Washington, DC.
In 2022, IBM executives gave more than $610,000 to the Republican National Committee, more than $21,000 to the National Republican Congressional Committee, nearly $13,000 to the National Republican Senatorial Committee, almost $11,000 to Nikki Haley’s Stand for America PAC, and nearly $10,000 to former President Trump’s Save America PAC.
Other Republicans who accepted donations from IBM executives last year include Rep. Dan Crenshaw (R-TX), Sen. Marco Rubio (R-FL), Rep. Andrew Clyde (R-GA), and Sen. Ron Johnson (R-WI), among others.
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
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