, a nature documentary, that Quibi has implemented layoffs and “cut overtime for its lowest-level staffers.” As it related specifically toSince its launch in April, Quibi has struggled to find its audience, garnering just over a million active users. The app’s co-founder Jeffrey Katzenberg told thein May that the coronavirus is to blame.
The source told us that Quibi has already cut overtime for its lowest-level staffers and quietly let go of others, adding: “The mood is dark.” It’s now fallen out of Apple’s Top 200 apps, while Sensor Tower, which measures apps’ performance, now has it at 1,007.Maybe it wasn’t the soundest investment to pay someone $6 million dollars to talk over a barely over an hour’s worth of animal footage. Certainly, many people find Witherspoon’s voice soothing and valuable, but perhaps there was a better way to spend a portion of Quibi’s $1.8 billion budget.
Nothing has changed since our last company meeting two weeks ago. Quibi is in a good financial position. As we said in that meeting, we will look for ways to tighten our belt. We are not laying off staff as a part of cost saving measures. We’ve recently added a dozen new Quibi employees. And in regard to tightening our belt, our senior leadership team has volunteered to take a 10% pay cut because it’s the right thing to do.
Ok How is it her fault Quibi totally shit the bed? Reese is not the face of Quibi failures.
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