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Jimmy Finkelstein

All articles tagged with #jimmy finkelstein

business1 year ago

"The Messenger's Demise: Staffers Torch Owner Over Implosion and Cruel Layoffs"

Former employees of The Messenger, a failed media startup, have criticized owner Jimmy Finkelstein for his handling of the company's closure, calling him a "sociopath" and accusing him of deliberate cruelty. They claim Finkelstein left hundreds of employees without severance pay or health insurance and failed to communicate effectively. Editor-in-chief Dan Wakeford has also faced criticism for his lack of robust communication with the newsroom. The company's demise is attributed to overpromising and underdelivering, as well as a flawed business and editorial strategy. Staffers are now calling for Finkelstein to pay severance from his own pockets.

business1 year ago

"The Messenger: A Troubled Legacy of Layoffs, Lawsuits, and Closure"

The Messenger, a news publication founded by Jimmy Finkelstein, abruptly shut down, leaving its 300 employees without severance and prompting a class action lawsuit. Critics accuse Finkelstein of making unrealistic promises and failing to deliver, while others argue that the news industry's contraction wasn't the direct cause of The Messenger's demise. The publication's failure highlights the challenges of entering a crowded market and the need for a more comprehensive analysis of its collapse.

business1 year ago

"Class-Action Lawsuit Filed Against The Messenger for Sudden Closure and Mass Layoffs"

The Messenger, a news startup, is being sued by former employees for allegedly failing to provide proper notice of mass layoffs, in violation of New York's Worker Adjustment and Retraining Notification Act. The lawsuit seeks to represent over 300 ex-workers and recover up to 60 days in unpaid wages and benefits. The company claims it was unsuccessful in raising capital to continue operations and therefore sent less than 90 days notice, but ex-employees argue that the layoffs were a foreseeable result of the company's financial situation.

business-legal1 year ago

Messenger Meltdown: From Class Action Suit to Closure

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.

business1 year ago

"The Messenger: A Short-Lived News Startup's Demise"

Los Angeles Times owner Patrick Soon-Shiong engaged in last-minute discussions to buy The Messenger from founder Jimmy Finkelstein, following the L.A. Times' recent layoffs. Soon-Shiong reportedly made a "lowball" offer, which ultimately fell through, and The Messenger was subsequently shut down with 300 employees let go. The talks were described as a desperate attempt by Finkelstein to save the struggling publication, while the L.A. Times is also facing economic challenges and leadership changes.

business1 year ago

"The Messenger: A Startup's Abrupt Demise Leaves Staff in the Dark"

The Messenger, a troubled digital media startup, abruptly shut down, leaving nearly 300 employees jobless. Owner Jimmy Finkelstein announced the closure via email, leaving many employees unaware until news outlets reported it. The company faced financial challenges and failed to secure enough funding to survive. Employees expressed frustration over the lack of communication and the absence of severance packages. The site's tumultuous nine-month run was marked by clashes with management, reliance on clickbait, and a failed business model.

business-media1 year ago

"The Messenger: A Short-Lived News Startup Shuts Down Amid Industry Layoffs"

The Messenger, a media startup launched by former owner of The Hill, Jimmy Finkelstein, is shutting down due to insurmountable financial difficulties, leaving staff jobless. The closure comes after months of financial woes and is the latest in a series of layoffs and cutbacks in the media industry, attributed to economic headwinds.