The anticipated “bad winter” for media companies and their workers arrived early, in the form of layoffs and hiring freezes.
would “end the print Sunday Magazine in its current form,” noting that “we will be shifting some of the most popular content, and adding more, in a revitalized Style section that will launch in the coming months.” The magazine’s 10 staff members learned their positions were eliminated in a meeting, according to, who reported that “Buzbee did not offer laid-off staff other roles inside the paper.
Other outlets appear to be staving off forced layoffs with other cost cutting measures. In November, Insiderthat the The Associated Press is offering early retirement to some 200 older staffers, an opportunity to take their pensions in one lump sum that an AP representative framed as “an opportunity for some employees to receive a new form of their benefit and for the AP to reinvest any savings into people, technology and infrastructure.
The flood of bad media news comes on the heels of other plans for deep cuts. “Digital upstarts are particularly vulnerable to ad slowdowns, because contracts for digital ads are typically much easier to pull at the last minute than contracts for television ads,” Axios’s
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Layoffs? What Layoffs?Heard on the Street: Every day it feels like another big American company is announcing layoffs. But even if you squint, it's hard to find those layoffs showing up in job-market statistics.
Read more »
How the crypto hiring landscape is responding to industry layoffsIn this episode of The Scoop, Rob Paone — founder and CEO of crypto recruiting firm Proof of Talent — shares his perspective on how the crypto hiring landscape has changed during the bear market.
Read more »
NPR to impose near-freeze on hiring but avoids layoffs as budget cuts loomNPR CEO John Lansing imposed a near-total hiring freeze in anticipation of a $20 million shortfall in financial sponsorships this fiscal year — but said in a staff memo that he intended to avoid layoffs.
Read more »
Media Biz Holds Up Amid Broader Surge in LayoffsAmid a broader surge in layoffs and company slimdowns, media employment is faring better than reeling tech — but don’t mistake that for the all-clear
Read more »
Media layoffs mount as CNN announces it will make cuts this weekOn-air contributors are expected to be among those getting axed at CNN, which is getting squeezed by parent Warner Bros. Discovery to reduce costs.
Read more »