Members of the Fortune Union,
Thank you for your thoughtful note in response to our recent difficult decision to downsize our workforce. As I explained in the town hall two weeks ago, it was a very painful conclusion to reach, and we are very sad to lose so many valued colleagues. I certainly understand and respect your concern for their welfare in these difficult times.
The severance packages Fortune has offered are consistent with media industry standards, and reflect the duration of respective employees’ service.
We sincerely think our departing colleagues for all their hard work and dedication. We understand this is a particularly challenging time for them, given the economic environment, and we will do all we can to support them during that transition.
As you know, I am available to discuss your concerns at any time.
Sincerely,
Alan
Ken Brown of The Wall Street Journal is leaving the news organization. He is an…
Dow Jones News Fund President Brent W. Jones announced at the nonprofit journalism training organization’s…
Jillian Ward, managing editor for U.S. technology at Bloomberg News, sent the following note to…
Rick Berke, a co-founded and executive editor of STAT News, writes about the importance of…
Thomas Maxwell has joined Gizmodo as a tech reporter. He previously was at Business Insider covering…
Banking Times has acquired the domain name "The New Fiver" for an undisclosed amount, aiming…