Members of the BuzzFeed News Union staged a walkout on Thursday following nearly two years of contract negotiations, the same day shareholders will vote on whether the company should go public through a SPAC
Members of the BuzzFeed News Union staged a walkout on Thursday following nearly two years of contract negotiations, a move that comes the same day of a procedural vote on whether to take the company public through a deal with a blank-check company.
The union alleges that BuzzFeed management has offered members 1% annual guaranteed pay increases and said it hasn’t moved on a proposed salary floor of $50,000, which the union says isn’t enough to live on in major cities or “to attract truly diverse talent.” The spokesman also said that BuzzFeed and the union have already reached tentative agreements on issues such as remote work, a vaccine mandate, social media, harassment investigations and more.