The financial news network Cheddar placed at least some of its employees on unpaid leave on Tuesday, the latest development for the start-up that bills itself as a destination for younger viewers.
The news network put the affected workers on furlough, effective immediately, and barred employees from further work, according to an email sent to the employees.
“We would like to have given you more notice of this action, but the decision was necessitated by unforeseen internal and external factors that required rapid adjustments in our business strategy,” said the email, which was seen by The New York Times.
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