Facebook has suspended promotions for its corporate employees for the rest of the year, The Information has learned. The decision to pause promotions in 2020, announced internally to employees Wednesday, comes after Facebook said last week it saw a “steep decrease” in ad sales during March, followed by flat yearly revenue growth in April. Facebook ended the first quarter with 48,000 full-time...
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Inside Nancy Dubuc’s Quest to Rehabilitate Vice
When television veteran Nancy Dubuc took over as CEO of Vice Media in the spring of 2018, cash was so tight that company executives were debating whether they should cancel the Friday morning ritual of free donuts and bagels for staff. Once the irreverent darling of the new media sector, known for its online news and TV documentaries, Vice was facing a cash crunch amid allegations of sexual...
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