Photo: Drew Angerer/Getty Images

BuzzFeed CEO Jonah Peretti said Monday that all laid off workers in the U.S. will receive their unused paid time off and comp days as a part of their severance.

Why it matters: Buzzfeed said last week that 15% of its workforce, roughly 250 employees, would be laid off in an effort to achieve profitability. The layoffs caught employees and the media community by surprise, prompting debate over whether the company has a duty to better compensate its outgoing employees.

"We have decided to out earned and unused PTO and comp days as part of the severance packages for U.S. employees impacted by these layoffs in states where this is not required by law.”
— Buzzfeed CEO Jonah Peretti in a note to staff

Backdrop: On Saturday, more than 450 current and former BuzzFeed employees signed an open letter addressed to Peretti and executives asking to be reimbursed for unused paid time off. BuzzFeed guaranteed payouts only in California, where it is required by law.

  • Those laid off will receive 10 weeks of pay plus benefits through April 2019, as well as all unused PTO and comp days.

The big picture: Peretti has long said a union would not “be right” for BuzzFeed, and that managers would be best able to advocate for their employees instead.

  • Legacy outlets like the New York Times, TIME, the Washington Post and the Wall Street Journal have been unionized for decades.
  • Mic relaunched with a brand-new staff in November as old staff writers were laid off and in the process of unionizing.
  • HuffPost’s newsroom, which unionized in 2017, also experienced massive layoffs this past week.

The bottom line: The business model for media and quality journalism in the internet era is unstable and unpredictable. Layoffs and restructuring are a byproduct of that reality.

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U.S. charges Russian intelligence officers for cyberattacks beginning in 2015

Putin at an event celebrating the Russian military. Photo: Alexei Druzhinin\TASS via Getty Images

A federal grand jury has returned a 7-count indictment against six Russian military intelligence officers for major hacking operations targeting foreign elections, the Olympics and computer systems worldwide that resulted in nearly $1 billion in losses, the Justice Department announced Monday.

The big picture: The officers are members of the same GRU unit indicted by special counsel Robert Mueller for interference in the 2016 election.

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Trump calls Fauci a "disaster" on campaign call

Photo: Stephen Lam/Getty Images

During a campaign call on Monday, President Trump slammed infectious disease expert Anthony Fauci, calling him a "disaster," and that "people are tired of COVID," according to multiple reporters who listened to the call.

Driving the news: CBS's "60 Minutes" aired an interview Sunday night with the NIAID director, where he said he was "absolutely not" surprised Trump contracted COVID-19 after seeing him on TV in a crowded place with "almost nobody wearing a mask."