Bankruptcy pending - Anonymous employee Newsweek Employee Review

1.0
4 June 2020
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The office Location I guess

Cons

I worked here only for a while, but in just a short time, I saw enough. There is no culture. Employees too afraid to talk to higher management. You could literally hear a pin drop in the office! I wasn’t there long enough to really understand why staff were so anxious, but apparently they have gone through a lot of changes in the past years. So much controversy, over-controlling nature of management and many people were made redundant. This company is financially doing VERY VERY bad! And is going to be declared bankrupt soon. They don’t have enough to pay their creditors- and higher managements way of dealing with this is to ignore suppliers emails/ delay it so much that eventually they get too tired and give up. That is how it has been functioning for a while. If it continues, their debt will continue to pile up in millions. Therefore, staff usually aren’t paid on timely manner due to lack of finance, and no procedures from HR team. No one listens to anyone. The higher managements only concern is to play politics and games so that they look good in front of their CEO. The finance and HR team are a big joke, with senior members playing dirty games with one another. Other than that, they belittle their staff, treat them like slaves, have no moral values whatsoever. It’s a ticking bomb machine. So to all members of staff, I would say make an exit now.

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5.0
29 Mar 2025
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CEO approval
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Pros

I enjoyed working at this place

Cons

I sometimes worked long hours.

1.0
23 June 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Very cool office space if you work in NYC.

Cons

Run, don't walk. Pay is bad compared to other newsrooms with the same exposure. The organization is crazy messy. Restructuring people and changing job titles laterally without consulting the affected employees. Leadership will leave your message on read. Laying people off randomly, regardless of their talent and contribution to the team, purely because of a spontaneous, busy decision (you will see them hiring for the same position again in like a month). No space for advancement -- you are stuck with the same job title if your immediate supervisor doesn't move up/leave. To sum up, you deserve better if you are concerned and reading this.

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