Two-year-old Canadian local news startup had heady plans when founded, but now trims jobs while execs snipe at workers on Twitter
Since launching in 2021, however, the company has fallen far short of its ambitious expansion goals. With growth slowing in recent months, Overstory began cutting jobs. The deepest came in early February at Capital Daily, after the publication lost four of its employees, bringing its staff to three. The Victoria-based publication had repeatedly been held up as the company’s exemplar of an award-winning, profit-making publication.
The layoffs quickly morphed into a broader public feud, after company cofounders posted a series of tweets seen as both naive about the journalism industry and dismissive of their employees.“Not fun. News is hard,” he wrote.: “Many journalists don’t understand business. But worse? They don’t care to.” He later apologized to staff for his remarks.
The firings in early February came a day before Overstory staff announced they were unionizing, but those involved in the efforts don’t believe the events are linked. “I had never been in a newsroom before. I didn’t have much editing experience … I could not believe it was happening.”“It’s frustrating to see people who don’t know much about journalism assume that the industry is failing because of journalists, and not because of wider issues,” she said.resigned last week over allegations of editorial interference by company owners.
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