That's the startup model... get subscriber numbers at all costs, worry about the revenue later. That's why they have been bleeding cash... which is perfectly reasonable to do when VC money is falling from the sky. So many places have build legitimate businesses off this model before transitioning, but now that they are not growth at all costs.... it becomes completely unsustainable.
I noticed the same exact thing, their prescriptions are way too expensive and their sales are way too cheap. I guess their business models involves having confidence in their writing ability and keeping their subscribers that way, which at this stage is very subjective. Just because you think you have great articles, doesn’t mean people will have the same sway or vigor in that confidence. I had The Athletic and I thought they wrote bloody good articles, but I am not losing sleep over not having it. A lot of the most important “behind the paywall stuff” tends to get used/leaked by subscribers anyway. That’s just the internet world where making a business model around it won‘t really have major success.
This might be my all time favourite typo. Just head on down to the doctor and let them know you need a year of the Athletic
Lol, I get we got some Apple fanbois on here but they seriously have the worst autocorrect in the world of any phone I have ever used in my life.
Podcasts these days are to talk radio what Netflix is to cable TV.
Its shitty from a human perspective, but really from a business perspective, it is the right move for liability reasons. You want to let people go without them really knowing it is coming and you want them off company property ASAP.
Why? In many parts of the world, that is simply illegal and it works just fine. Employees deserve a period where they know they are being laid off.
Because employees who have been let go have a tendency to do some terrible things.
1. They do intentional damage to the company -> sue their ass for damages. If we are talking about something like a professional broadcaster, they would never work again in the same profession.
Or that, at least give the employees a small chance to get their life in order.
I work in IT and when someone gets fired, part of my job is shutting everything down in less than 1 min.
I got that when I quit my last job... and totally understandable. I had full access to all the financial data, IT data, and bank accounts. Best to just keep me away while things got quickly transitioned away. My keys, tokens, phone, laptop, etc were all immediately re-possessed. I was escorted out immediately... and could only get my things from the office after hours with supervision.
Suing for damages doesn't replace the damage done. The damage done can have massive impacts to your business while the courts go through their process. I've experienced someone destroying data that caused a lost client and shutdown a massive energy project for 3 years while the data could be recollected for impact studies. That employee got sued and the 'damages' were inconsequential compared to the damage done financially and reputationally. This person was in IT destroyed the main data and the two backups that were kept off site. Ended up that the company ended up hiring a third part to routinely backup and lock up the data for the whole organization after this. To the tune of a couple mil per year.
It is just never that simple... you never fully know what is going on in people's personal lives and how they will respond. An abundance of caution should always be there.
Last thing a company wants is a former employee contacting customers and/or former collegues to talk shit.
I get it that with some professions where you get access to sensitive information etc, you need to do layoffs garden leave style, cut them off immediately. Not sure if I agree this is the way you would need to do it with radio. In theory, yes, but those guys would end their careers pulling a stunt so...
Unless Alberta is even more of a crap show than expected they’ll all get severance. At Will employees is basically not a thing in Canada. They’ll either have a stipulated amount in their contracts or will have to be given at least ESA minimums. Lots of provinces also have larger severance amounts for mass layoffs. As long as they don’t actually sign a release (absolutely do not have to in order to get ESA minimum), they can also see an employment lawyer and sue for more to get closer to common law entitlement which significantly exceeds the ESA minimum
