Workers of BuzzFeed News's union walk off their jobs for a day
As BuzzFeed decides to go public in a few days, it could mean millions of dollars for its early investors and some current and former staff members. However, not everyone at the company was cheering. The union employees of the company's Pulitzer-winning news division announced on Thursday that they were “walking off the job for one day” in an effort to speed contract negotiations. All 61 employees of the BuzzFeed News Union which includes reporters, editors and designers are taking part in the day-long work stoppage.
The employee walkout comes on an important day of the company- BuzzFeed’s shareholders were scheduled to vote Thursday on a long-in-the-works plan to make the company public by merging it with a blank check company, 890 5th Avenue Partners, a deal that was announced in June. The company is also targeting a valuation of $1.5 billion. If this plan wins the shareholder's approval, the company could make its stock market debut as soon as Monday, under the ticker symbol BZFD.
Source: The New York Times
The employee walkout comes on an important day of the company- BuzzFeed’s shareholders were scheduled to vote Thursday on a long-in-the-works plan to make the company public by merging it with a blank check company, 890 5th Avenue Partners, a deal that was announced in June. The company is also targeting a valuation of $1.5 billion. If this plan wins the shareholder's approval, the company could make its stock market debut as soon as Monday, under the ticker symbol BZFD.
Source: The New York Times
Category
Data Security
Employment Testing
Career Development
Technology
Ethnicity
Employee Conduct
Drug & Alcohol Testing
Workplace Security
Succession Planning
Promotion
Open Enrollment
Employee Data Privacy
Paid Leave
Intellectual Property
Disability Accomodations
Overtime Eligibility &
Disability Benefits
Compensation & Benefits
Opening & Closing
Inclusion, Equity & Diversity
Workplace Harassment
Remote & Hybrid Work
Global Mindset
People Management
Mentoring & Coaching
Campus Placement
Employee Resource Groups
Whistleblowing
Raise
Job Descriptions
Cybersecurity
Retention
Flexible Spending Account
Hiring & Firing
Executive Compensation
Employment Branding
Organization & Employee Development
Termination
Analytical Aptitude
Employee Surveys
Job Applications &
Inclusion, Equity &
Employee Handbooks
Discrimination
Work Visas
Change Management
Overtime Pay
Workplace Stories
Workplace Culture
Gender Identity
Tags
Article
Tips to Write Job Descriptions That Will Attract the Best Candidates
Just as the candidates need the right jobs to secure their future, the companies also need the righ ...
The Future of Gig Employment
There’s no denying that the gig economy has seen much growth since the last recession. With the spr ...
The Unionization Wave
From the peak of the pandemic in 2020 through the Great Resignation wave, unionization has been a ...
Did You Lose Your Job During COVID-19? Here’s What to Do
First of all, know that you’re not alone in this. About 20.6 million Americans have lost their jobs ...
Comments