Layoffs hit LADbible Group’s social video team amid slower user-generated content growth

LADbible Group is cutting approximately a dozen staffers on its social video team based in Manchester, in the U.K. This comes after a round of layoffs to the social video team in London last fall, which impacted about 10 people, according to people familiar with the matter. 

LADbible Group (which operates LADbible, SPORTbible and Betches Media) is one of the most dominant publishers on social platforms like Facebook and TikTok. It built its business around viral, entertainment-driven video content designed for young audiences. The media company regularly racks up tens of billions of views each year across social platforms — a scale few traditional publishers can match.

But growth driven by shareable, user-generated content — often the bulk of LADbible Group’s presence on Facebook and TikTok — may be slowing.

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Best Buy wants to be the hub for AI-powered hardware like glasses, laptops

This story was first published by Digiday sibling Modern Retail.

Best Buy is positioning itself as the place where people go to shop for AI-powered everything.

The tech retailer is looking for growth, as its revenue was essentially flat this past fiscal year (which ended Jan. 31) from the year before, at almost $42 billion. CEO Corie Barry said its market share was at least flat, showing slightly softer consumer demand for consumer electronics during the fourth quarter.

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