Messenger Meltdown: From Class Action Suit to Closure
TL;DR Summary
The Messenger, a digital news site, abruptly shut down and fired all remaining staff, prompting a proposed class action suit against owner Jimmy Finkelstein for violating the WARN Act by terminating 300 employees without notice, severance, or healthcare. The startup, which launched with high ambitions, faced economic challenges and lost about $38 million after a $50 million funding round. This closure adds to the trend of media outlets undergoing severe layoffs amid industry upheaval, with former employees expressing shock at the sudden shutdown and lack of support.
Topics:business#business-legal#class-action-suit#jimmy-finkelstein#media-layoffs#the-messenger#warn-act
- The Messenger Owner Jimmy Finkelstein Hit With Class Action Suit By Pink Slipped Staffer – Update Deadline
- The Messenger to Close After Less Than a Year The New York Times
- Killing The Messenger: My Final Days Working at a Disaster New York Magazine
- Messenger implosion: I know what those journalists were thinking. I thought it about Fusion. Slate
- Inside the meltdown at The Messenger: Out-of-touch brass, outraged staffers and pure pandemonium New York Post
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 3 min read
Condensed
85%
597 → 87 words
Want the full story? Read the original article
Read on Deadline