NowPublic lays off staff after acquisition

Citizen journalism network NowPublic – acquired in 2009 for $25 million by free newspaper / local news network, has laid off several of its dozen staff members.

NowPublic’s founder Leonard Brody told PaidContent, however, that NowPublic is “absolutely not closed”. The lay-offs would be the result of duplications.

One Response to “NowPublic lays off staff after acquisition”

  1. Calvin Says:

    While Brody stated the lay-offs are the result of duplications, it should be noted that the lay-offs could have been on the side but apparently were not. Usually a large company buys a small company, in part, due to the smaller company’s innovative products and entrepreneurial spirit. Evidently the NowPublic employees didn’t have the right stuff.