Wave of High-Profile Media Layoffs

Written by Ricky Nave in News

April 2023 is a rough time to be in the media industry.

April 20: Insider, Inc. (formerly known as Business Insider) announced it would lay off 10% of its employees.

April 20: According to an internal memo, Buzzfeed News plans to shut down after the online publication failed to meet profit expectations.

April 23: Executive Jeff Shell agreed to leave NBCUniversal after a female colleague filed a complaint of inappropriate conduct against him.

“I had an inappropriate relationship with a woman in the company, which I deeply regret. I’m truly sorry I let my Comcast and NBCUniversal colleagues down.”

Jeff Shell

April 24: Tucker Carlson was fired from Fox News. This comes less than a week after Dominion Voting Systems won a $787.5 million settlement from Fox for defamation.

April 24: Don Lemon was fired from CNN after 17 years with the network. This comes two months after the news anchor drew criticism for saying that 51-year old Republican presidential candidate Nikki Haley wasn’t in her “prime”.

April 24: ESPN+ streaming executive Russell Wolff was laid off along with 7,000 other Disney workers.

Ricky Nave

In college, Ricky studied physics & math, won a prestigious research competition hosted by Oak Ridge National Laboratory, started several small businesses including an energy chewing gum business and a computer repair business, and graduated with a thesis in algebraic topology. After graduating, Ricky attended grad school at Duke University in the mathematics PhD program where he worked on quantum algorithms & non-Euclidean geometry models for flexible proteins. He also worked in cybersecurity at Los Alamos during this time before eventually dropping out of grad school to join a startup working on formal semantic modeling for legal documents. Finally, he left that startup to start his own in the finance & crypto space. Now, he helps entrepreneurs pay less capital gains tax.

Recent Posts