Project Veritas' Financial Woes Go Beyond Layoffs

[Jilly_in_VA]

After laying off most of its workforce last week, right-wing media group Project Veritas is considering cost-cutting measures like going fully remote and bringing in an outside firm to produce its content.

Project Veritas laid off 25 employees last week, citing financial difficulties. The company has struggled to fundraise after the departure of its founder James O’Keefe earlier this year. By the time of his departure, O’Keefe had become controversial within Project Veritas, with some employees accusing him of being “a power-drunk tyrant” who allegedly squandered company funds on lavish personal expenses. After the layoffs—which employees previously characterized as slashing Project Veritas from 43 to 18 staffers—the company is seeking a profitable path forward, according to sources. And it won’t be easy, management has suggested in a recent conversation.

In post-layoff conversations with staff, Project Veritas board president Joseph Barton has indicated that the company plans to work remotely and part ways with its Mamaroneck, New York, headquarters, people familiar with the talks told The Daily Beast.

Barton, who did not return requests for comment, also indicated that Veritas hopes to cut costs by outsourcing its production to a third-party firm.

https://www.thedailybeast.com/project-veritas-financial-woes-go-beyond-layoffs

Gee, I wish I could cry for them--but this just makes me giggle.

[50 Shades Of Blue]

1. G O O D ! ! ! ! ! !

[calguy]

2. Hopefully, it's just another of a dying breed of right-wing hack sites that have no reason to exist.

[Ray Bruns]

3. Why did they need 43 staffers to make up a bunch of lies and bullshit.

They could have paid me $200k a year and saved all that money.

[kimbutgar]

4. Excellent! I hope it goes away forever.

[Initech]

5. Honestly I hope that douchebag winds up in prison.

And that would be the lightest punishment he should get.

[tanyev]

6. "bringing in an outside firm to produce its content" aka, Russian troll farm

[Carlitos Brigante]

7. It looks like that idiot who played the prostitute in their fake "sting videos" was

left in charge after that little freak was removed.

[mzmolly]

8. Karma is coming

for these fools. It bit later than I'd hoped, but I'll take it.