Tag: Axes

WAMU shutters local news site DCist, axes 15 staffers

Washington’s National Public Radio affiliate WAMU shuttered its local news website DCist and laid off 15 employees Friday morning, citing a desire to shift away from digital journalism. The cuts targeted online news coverage on social issues such as climate change, immigration and criminal justice as part of a strategy to refocus on radio programming, […]

Microsoft Axes Nearly 2,000 Jobs After $69 Billion Deal

Turns out that spending $69 billion in a major acquisition deal can have dire consequences on the bottom line. Now — as cold as this may be — what’s the easiest way to massage that bottom line? Reducing payroll. And that’s exactly the strategy that Microsoft appears to be adopting after it announced a massive […]