Essence magazine, a renowned publication that has been committed to covering the Black girl working experience considering that 1970, introduced this 7 days that it will be furloughing some workers to offset the “significant damaging impact” of the ongoing COVID-19 pandemic.
“Six months into an unprecedented and continuing world wide pandemic, COVID-19 has experienced a broader and for a longer period-lasting impression than everyone expected – and Essence Communications, Inc. (“ECI”) has not been immune to it,” the magazine said in an announcement on Tuesday.
“Nonetheless, our commitment to properly guiding this iconic manufacturer through these fast troubles and forward is unwavering. Our group and the group we serve are far too crucial. The culture we reflect and develop is as well crucial,” the publication ongoing. “The platforms we have built for the celebration, inspiration and empowerment of Black women of all ages and communities are much too essential. This is why we are producing the business enterprise selections we are producing these days.”
Even though the magazine, which is Black-owned, reported in the announcement it was able to put off furloughs towards the start of the pandemic earlier this year “via considerable individual investments from ownership along with minimal PPP cash,” it additional that the “prolonged situation and unforeseeable company now require us to acquire supplemental motion to assure the very long-time period sustainability of ECI.”
The media firm explained impacted crew members were educated of the move on Tuesday. Although the magazine reported “no furloughed staff will conduct any get the job done on behalf of ECI throughout this period of time,” it additional that it “will spend everyone impacted all through this 7 days and will address their medical benefits premiums through the furlough.”
“We will continue being in contact with all of those people impacted to supply suitable and pertinent updates with regards to this make any difference as we have them,” the magazine claimed. “We do not anticipate that any furloughs will exceed 6 (6) months. We are self-assured that the steps we are having now will help make sure that ESSENCE is below to thrive for a different 50+ decades as an independent Black-owned media organization.”
Essence is one particular of a variety of media corporations that have introduced furloughs this calendar year thanks to the pandemic, which Johns Hopkins College details displays has resulted in much more than 7.2 million cases of the ailment in the United States in a make any difference of months as well as more than 206,000 deaths.
The COVID Monitoring Challenge, which has been accumulating racial details about the pandemic in the United States, discovered that Black people today are dying from the novel coronavirus at additional than double the charge of white persons in the region.
A study released by the Federal Reserve Lender of New York also found final thirty day period that Black-owned compact enterprises have been disproportionately impacted by the pandemic compared with some others in the U.S.