Barry Diller's IAC Rebrands to People Inc., Announces Layoffs
Barry Diller's IAC is undergoing a strategic restructuring, which includes rebranding the company as "People Inc." and planning layoffs for 77 staffers. The changes also involve a shake-up in the C-suite.
Source Diversity
Source Diversity
Moderate (29/100)Sources
Barry Diller’s IAC to Change Name to ‘People Incorporated,’ Plans to Lay Off 77 Staffers in Consolidation of Corporate Functions
Thirty years after Barry Diller established IAC (InterActiveCorp.) as a media holding company, he announced that it will change its name to “People Incorporated” by its Q2 earnings in August. The name change is “to reflect its focus on its People publishing business and its stake in MGM Resorts,” the company said. IAC’s Dotdash Meredith […]
By Todd Spangler
Read full article →Barry Diller Reveals Layoffs, C-Suite Shake Up and Name Change for IAC
The mogul will shift to executive chairman as the company focuses on two core areas: People publishing and its stake in MGM Resorts. The company will lay off staff as it slims down.
By Alex Weprin
Read full article →Barry Diller’s IAC Rebranding As People Inc., Planning Layoffs In Strategic Restructuring
Barry Diller’s Interactive Corp. (IAC) is renaming itself People Inc. and slimming down its ranks. In a memo to employees (read it below), Diller called it an “opportunistic” move. “I believe today and tomorrow’s opportunities will best be held in the corpus of this new corporate name,” he wrote. The publishing division, which had been […]
By Dade Hayes
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