As reported by The Cut:
On February 1, The Hollywood Reporter reported that Vice Media would be laying off 10 percent of its staff, or approximately 250 workers, as part of a reorganization effort; just hours later, the Miami New Times reported that McClatchy, which operates newspapers across the country, had offered voluntary buyouts to 450 workers. These reports come just one week after Verizon (which owns HuffPost, Yahoo, and AOL) laid off seven percent of its staff, including Pulitzer Prize-finalist Jason Cherkis; BuzzFeed cut 15 percent of its workforce, decimating entire verticals; and the Gannett Company, which owns more than 1,000 daily and weekly newspapers across the country, eliminated approximately 400 jobs.
The Leftist media commentariat, as well as the targeted media 'victims', blamed the layoffs on a usual suspect: Greedy capitalists. Rather than learn a basic free-market economics lesson that outlays without matching revenue equals a failed business model — even media businesses who employ 'noble' scribes skilled in such in-demand discussions of "anarchy" and "gender" issues — they would rather blame shareholders and the "whims of investors" (who put their money up expecting a return — what heathens!).