Tech

CollegeHumor’s parent company pulled its funding, laying off more than 100 employees and leaving a longtime executive to run the company on his own

Influential comedy website CollegeHumor has lost its financial backing from its parent company IAC, CollegeHumor CCO Sam Reich tweeted on Wednesday. Reich bought it from IAC to avoid shuttering the company and will now manage the newly-formed CH Media. But the company has still gone through a massive restructuring, and […]
CollegeHumor’s parent company pulled its funding, laying off more than 100 employees and leaving a longtime executive to run the company on his own
Strategy

Thomas Cook’s collapse may result in thousands of layoffs. Here’s what it’s like to get fired in the UK and 6 other countries.

UK-based travel firm Thomas Cook announced bankruptcy Monday, leaving 600,000 passengers stranded and thousands without jobs. When Americans get laid off, employers give them just hours to pack their belongings and leave. Other countries don’t have the same approach. Germany lets laid-off workers stick around for weeks after the fact, […]
Thomas Cook’s collapse may result in thousands of layoffs. Here’s what it’s like to get fired in the UK and 6 other countries.
Markets

Millennials are snapping up Tesla after its layoffs

TeslaCEO Elon Musk on Friday sent a letter to employees, saying the company would lay off approximately 7% of its workforce due specifically to pressure on profits and the Model 3’s production challenges. Shares have plunged 17% following the announcement, but investors on Robinhood, a free-trading app popular among younger […]
Millennials are snapping up Tesla after its layoffs
Markets

Chesapeake Energy is dropping after laying off 13% of its workforce

Chesapeake Energy shares are falling after the company announced about 400 layoffs. The job cuts come after Chesapeake sold some of its well assets. Watch the stock trade in real time here. Shares of Chesapeake Energy dropped 5.28% to $US3.67 on Tuesday after the company laid off about 13% of […]
Chesapeake Energy is dropping after laying off 13% of its workforce
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