The news sector has lost more jobs this year through November than it did in all of 2022 or 2021. Media, of which news is considered a subset, has experienced 20,342 cuts, the highest year-to-date figure since 2020, Challenger reported.Jump forward to the beginning of 2024, and we see the media "bloodbath" is still going strong. • This week, Time magazine and Condé Nast, the publisher of Vogue, Vanity Fair, GQ and other marquee magazines, both announced significant job cuts. • The Los Angeles Times laid off more than 100 employees, or more than 20% of its newsroom, with staffers walking out last week in protest, one of the largest staff reductions in paper’s history. • 200 workers at The Washington Post, owned by billionaire Amazon founder Jeff Bezos, accepted buyouts in the waning days of 2023. • Sports Illustrated is cutting more than 40 jobs out of a staff of 150. • Paramount CEO announces layoffs as cost pressures, take-private talks build. • Business Insider to lay off 8 percent of newsroom. • BuzzFeed is having conversations about selling two of its premier brands, Complex and Tasty. • Red Ventures is trying to dump CNET. • Vice’s Refinery29 and BuzzFeed’s Tasty Are Up for Sale as Digital Media Contracts A look at the 2023 Layoff Tracker, we see not only the cuts in 2023, but announcements made in December 2023, about cuts and layoffs that will occur in 2024. 2023 was brutal for the entire media industry, but from the announced cuts and potential sales in just January so far, Axios was correct in calling it a "bloodbath." Media is not the only sector that calls into question the "economy is thriving" narrative, especially when CEO Mike Federer said in a note to staff that Forbes “must remain vigilant in our current economic environment.” But, but but but...... I thought the media has been telling us how great "Bidenomics" has been for America! Read more at: AllNewsPipeline.com
LAYOFF season continues: PayPal cuts off 9% of its global workforce – roughly 2,500 jobs
By Olivia Cook // Share
WATCH: Democrat suggests Biden admin Big Tech-censorship collusion “doesn’t exist”
By News Editors // Share
Popular U.S. food brands linked to forced labor by prisoners in AP exposé
By Cassie B. // Share
Debunking McGill's "dirty dozen" hit piece: Flawed sources, pharma ties, and biased reporting
By newseditors // Share
Your lyin' eyes: Corporate media panics with 'fact checks' over Biden's obvious decline
By newseditors // Share