Color of Change recently announced significant cuts to its budget and staff.
Color of Change dramatically increased its spending in 2020, and it continued burning through its cash even as revenue declined.
Their post, published June 22, served as the first official communication to most staff members that budget and staff cuts were imminent.
A week later, 49 staffers were laid off, according to staff and a list of eliminated positions reviewed by Insider.
Medium/Color of Change board chairsIn a written statement, Color of Change also claimed Insider's reporting contained inaccuracies.
Persons:
—, Jordan Neely, George Floyd, Airbnb, Rashad Robinson, Oprah, hasn't, we've, Andre Banks, Banks, Ben O'Keefe, O'Keefe, It's, Salaah Muhammad, Muhammad, Robinson, Heather McGhee's, Bryan Bedder, I've, Berlin Rosen, Ryan Senser, Rashad, Senser
Organizations:
Service, New York City, The Recording Academy, Forbes, Staff, Education, New York's Office, Labor, YouTube, Miami's Art, Fund, Fashion, NAACP, Fenton Communications, Berlin, Insider
Locations:
Hollywood, New York, Oakland , California, New York City, Washington, Miami's Art Basel, Minneapolis, Manhattan