Business Insider1y
Media layoffs hit record high as 40 companies, from Hearst Magazines to Warner Bros. Discovery, have cut thousands of staff
In news alone, 1,972 jobs were cut through May this year ... businesses profitable as well as digital media companies such as BuzzFeed and Vice Media that are trying to bolster their valuations.
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Entertainment and Media Suffers Another Major Blow in 2024 With 15,000 Job Cuts
2021-2022: 7,735 job cuts 2023-24: 36,206 job cuts ... Instagram and YouTube. Digital media companies from BuzzFeed to Vice have also suffered layoffs. The shifting business model has decimated ...