General Almost Everyone at CollegeHumor Lost Their Jobs Today

Discussion in 'Headline News' started by tom_mai78101, Jan 8, 2020.

  1. tom_mai78101

    tom_mai78101 The Helper Connoisseur / Ex-MineCraft Host Staff Member

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    Layoffs have come for another online comedy outlet — one that has managed to survive on the internet despite challenges for nearly 20 years. Multiple sources have confirmed to Vulture that CollegeHumor was hit with a big round of layoffs today, which a rep for its parent company, IAC, has confirmed. About 100 employees in New York and Los Angeles have lost their jobs, with Bloomberg noting that “around five to ten people” will remain at the company as it restructures under the supervision of CCO Sam Reich, who explained the news on Twitter:

    So, bad news – with a twist. IAC, our parent company, has made the difficult decision to no longer finance us. Today, 100+ brilliant people lost their jobs, some of whom are my dear, dear friends. Hire them.


    The twist, however, is that IAC has agreed to let me run with the company myself. In words that I’m sure are as surreal to read as they are to type, I will soon become the new majority owner of CH Media. Of course, I can’t keep it going like you’re used to. While we were on the way to becoming profitable, we were nonetheless losing money — and I myself have no money to be able to lose.


    Long story short, I need your support now more than ever. The #1 way you can support me is to stay subscribed to Dropout. We have six months’ worth of content still to release: Dimension 20, Um, Game Changer, Breaking News, and more. Dropout 2.0 launches at the end of the month, and along with it come two long-desired features: (a) downloads and (b) international Discord access.



    Read more here. (Vulture)
     

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