Intercept parent company announces layoffs
First Look Media, the parent company of The Intercept, will be laying off 20 people as a result of pandemic-related setbacks.
In a note to staff, First Look Media CEO Michael Bloom said the cuts were happening “to ensure the long-term health of our organizations. [W]e are re-calibrating our operations and unfortunately having to part ways with some of our beloved colleagues.”
These are the first round of redundancies since the start of the pandemic, with layoffs applying to both First Look Entertainment and First Look Institute.
“As First Look enters this next phase, we will continue to advance the goals that are critical to our causes, our organizations, and to the rapidly changing world,” a spokesperson further added.