HuffPost began laying off employees Thursday morning, one day after its parent company, Verizon Media, announced it would cut 7 percent of its workforce.
About 750 Verizon Media employees were expected to lose their jobs. That announcement came more than a month after Verizon took a $4.6 billion write-down on HuffPost’s parent company, Oath (now called Verizon Media), which includes AOL, Yahoo and HuffPost.
HuffPost employees began receiving calendar invitations to meet with human resources representatives Thursday morning. Many recipients assumed that meant they would be among those losing their jobs.
“It’s a tough day for HuffPost, and we’re losing some talented and beloved colleagues,” HuffPost Editor-in-Chief Lydia Polgreen said Thursday. “We are deeply committed to quality journalism that reflects what matters most to our diverse audiences across the globe. HuffPost is aligning its talents and investments to areas that have high audience engagement, differentiation and are poised for growth at a time when our mission means more than ever.”
HuffPost's parent company announced major layoffs Wednesday that will affect 7 percent of the workforce. t.co/PKuu5A1L5i
— HuffPost (@HuffPost) January 23, 2019