ZerroHedge is reporting that Political missed a staff payday, and believes the cut of USAID funding may be why, as Politico got millions in government money, including some USAID money for subscriptions:
Original: https://www.zerohedge.com/political/politico-ny-times-propped-millions-dollars-us-government
Archive: https://archive.is/gkrOV
I agree. Just saying it's a weird explanation. Usually a company would just tell the employees the actual reason. "Unfortunately, we missed the payroll deadline for this cycle. You'll receive your funds tomorrow morning. (insert corporate apology)."
And I think many would be surprised how little cash on hand some businesses have. I worked for a company with $100M revenue with roughly 200 employees, and we had a few month period where the receivables team was pushed really hard to collect payments because every payroll was a photo finish if we'd have enough to cover.
We always could have tapped more credit but we did everything we could to avoid that and I got the sense the owner would have paid a few days late rather than do that.
Eventually we regained our cushion but it was a rough stretch.