Bloomberg Media uses feel-good opinion pieces to accumulate trust and interest. Then, it uses this to drive a very specific agenda from the top brass. The company has used this strategy for years. Sheeple continue to upvote these pieces and serve special interests, though. The acquisition of CityLab is intended to capture more social capital and drive more political agenda when Mike Bloomberg makes his phone call. Firing half a company is essentially killing the mission and culture that was CityLab and confirms the acquisition strategy.

My advice to those who were fired is to organize and continue what you created elsewhere.

Note that Bloomberg has shills and PR working among us on Hacker News. They also have sentiment bots searching for comments such as mine and organize down votes. Hacker News Admins are not equipped to handle modern day communication control by powerful interests like Bloomberg.