Fox News Layoffs Keep Coming In Wake Of $787.5 Million Lawsuit Settlement

[Yo_Mama_Been_Loggin]

The fallout from Fox News’ $767.5 million settlement to Dominion continues to shake things up at the top-rated cable news organization, which was sued by the voting box company after peddling election fraud claims following the 2020 election. The settlement is a historic one, and according to Fox News employees, it's burning a metaphorical hole in the organization’s pocket. It appears the company is rectifying the situation with employee layoffs, and the latest reports point to many reporters falling victim to the large payout.

According to employees who spoke to Rolling Stone, Fox News has laid off a group of journalists from its investigative unit, and it's claimed that the organization has nearly dissolved the entire unit at this point. Allegedly, this is a cost-saving measure to help balance the loss of funds being directed to the settlement with Dominion. But is that actually what's happening?

Many staffers believe so, stating that there's some outrage stemming from the idea that high-salaried individuals like Suzanne Scott and Maria Bartiromo are keeping their jobs while lower-tiered employees are the ones losing out. Scott is the current CEO of Fox News, and Bartiromo is an opinion host that was named in the Dominion lawsuit. Employees believe that Fox is trying to get "money off the books" before June 30. Fox News denies these claims, saying that the reporters weren't even laid off, but rather "reassigned" to different departments at the network.

Fox News is denying the connective tissue between the incidents, claiming that the layoffs are independent from the settlement. For context, many hosts on Fox News spread a number of false claims of widespread voter fraud occurring during the 2020 election, strongly suggesting that a fraudulent election was the reason Joe Biden won the presidency in favor of Donald Trump. The hosts pointed to voter systems provided by Dominion to be the reason for the fraud. Dominion sued the news organization for defamation, and just as it was set to go to trial months later, Fox News agreed to a $787.5 million settlement, allegedly to avoid having certain pieces of in-house texts and emails made public.

https://www.yahoo.com/entertainment/fox-news-layoffs-keep-coming-193319338.html

[jpak]

1. Cry me a fucking river

[Walleye]

2. Nothing to do with the settlement, huh. Fox: we had to have lay-offs, because Biden

[ificandream]

3. Fox has an "investigative unit"?

What a total waste of money for a scam outfit that falsely labels itself as "news" when it never has been.

[Blue Owl]

4. Just shut the whole goddamned outfit down

[dembotoz]

5. wonder is cnn will scoop them up as they try to go all right all the time

[gratuitous]

6. This could be interesting

Fox is trying to cut costs by firing the lower-tiered employees to pay the judgment against it. An analog could be argued to the demands of Republicans to cut federal spending. Where do you cut the federal budget, if you're not going to touch military spending? How much, really, will Fox save on employee salaries by canning the lower salaried employees?

I don't know how much the lower-tiered employees make, but let's say it's a quarter million a year. If you cut four grunts, you save a million bucks for the year. Cut 40 and you save $10 million. 400 fewer lower level employees gets you to saving $100 million for the year. How many folks work at Fox HQ in Manhattan? Is laying off 400 people from headquarters going to make life easier or harder for the big shots (and remember, I'm positing the lower-tier people make a quarter million a year; if it's less than that, you're talking more than 400 employees).

How much will Republicans be able to reduce spending, and what impact will that have on the national debt if they're not going to touch the more than $2 billion we spend every day on the military and defense? Will Fox gain a sudden appreciation for the finer points of cutting spending to pay debt, whether you're talking about the federal government or Fox Corporation?

[Lovie777]

7. fake news have more lawsuits against them.....................

oh well.

[live love laugh]

8. "Journalists" ... what a joke.

My eyes can’t roll far enough.

According to employees who spoke to Rolling Stone, Fox News has laid off a group of journalists from its investigative unit, and it's claimed that the organization has nearly dissolved the entire unit at this point. …

… Fox News denies these claims, saying that the reporters weren't even laid off, but rather "reassigned" to different departments at the network

.