BuzzFeed Employees Plan Walkout For When Company Goes Public

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BuzzFeed News employees announced Thursday that they would walk out on the job the same day that shareholders are scheduled to vote on whether to take the company public.

Workers walked out after saying they engaged in nearly two years of stalled contract negations related to salary increases and creative control, according to a tweet from the BuzzFeed News Union.

“We’ve been bargaining our contract for almost 2 years, but BuzzFeed won’t budge on critical issues like wages — all while preparing to go public and make executives even richer,” BuzzFeed News Union wrote in a tweet.

BuzzFeed shareholders are scheduled to vote Thursday on whether to take the company public through a special purpose acquisition company (SPAC). If voters approve, the company will start trading on Monday under the stock ticker BZFD, the Huffpost reported.

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