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| January 24, 2019

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BuzzFeed is laying off 15% of its workers

January 24, 2019 |

BuzzFeed Inc. is eliminating 15% of its workforce, the latest pullback for digital-media sites dealing with a challenging advertising market.

As it trims staff, BuzzFeed has been examining the “the evolving economics of digital platforms,” Chief Executive Jonah Peretti said in a memo to employees….


L.A. Times – Business

Verizon to cut 7% of staff in the unit that includes AOL, Yahoo and HuffPost

January 23, 2019 |

Verizon Communications Inc. is cutting 7% of its media staff, part of a bid to overhaul a struggling operation that includes the former online icons AOL and Yahoo.

The cuts would represent about 800 jobs at the division, which previously went by Oath. Verizon dropped that short-lived name, which…


L.A. Times – Business

Boeing flying taxi completes first successful test flight

January 23, 2019 |

A Boeing Co. “flying car” designed to whisk passengers over congested city streets and dodge skyscrapers completed its first test flight Tuesday, offering a peek into the future of urban transportation the aerospace giant and others are seeking to reshape.

A prototype of its autonomous passenger…


L.A. Times – Business

Furloughed federal workers are on the hook for work expenses they can’t get reimbursed

January 23, 2019 |

As if going without pay during the month-long partial government shutdown isn’t enough, thousands of federal workers are dealing with another financial indignity: servicing debt on government-issued credit cards.

They are receiving credit card bills — for which they are personally responsible —…


L.A. Times – Business