Media Matters Layoffs: American Journalism Group Lays Off Around Dozen Employees Amid Elon Musk Legal Battle
Media Matters for America is facing financial challenges due to increasing legal costs from lawsuits, including one by Elon Musk's platform X, leading to layoffs of around a dozen employees to sustain operations.
New Delhi, May 25: Media Matters for America, an American journalism group, has announced a round of layoffs amidst rising legal costs and a shifting media landscape. The layoffs have affected around a dozen of employees, which was announced by the Media Matters president, Angelo Carusone.
According to a report of Times Now, Media Matters announces mass layoffs amid Elon Musk's legal battle. The group is carrying out these layoffs to remain sustainable and allocate resources effectively. "We're confronting a legal assault on multiple fronts and given how rapidly the media landscape is shifting, we need to be extremely intentional about how we allocate resources in order to stay effective," Angelo Carusone said in the statement. Media Matters for America employees also reacted to the layoffs on social media. Walmart Layoffs: Retail Giant To Lay Off Thousands of Employees Unless They Relocate; Check Details.
On March 30, 2024, the Missouri Attorney General filed a lawsuit against Media Matters, claiming that the organisation had not revealed certain internal documents concerning its coverage of hate speech on X in 2023. Subsequently, on April 12, 2024, Media Matters took legal action in the US District Court for the District of Columbia against Ken Paxton. The lawsuit was intended to prevent Ken Paxton from making investigative requests that Media Matters argued violated its First Amendment rights and were designed to prevent its reporting on X. Paytm Layoffs: Fintech Major To Lay Off 5,000 to 6,300 Employees, Plans To Use AI To Reduce Costs, Says Report.
Elon Musk Lawsuit Against Media Matters
Elon Musk's social media platform, formerly known as Twitter, filed a lawsuit against the Media Matters for America on November 20, 2023. The platform, now called X, accused Media Matters of manipulating data with the intent of undermining and sabotaging the platform's operations. In response, Media Matters claimed that X was allowing antisemitic content to be posted alongside advertisements, which led several major corporations, including Apple, Disney, Comcast and IBM to pause their advertising campaigns on the platform.
(The above story first appeared on LatestLY on May 25, 2024 03:20 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).