Written By: jigyasa | Updated: Dec 15, 2022, 4:33 PM
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Freepik
In a wave of layoffs, several major media houses have been hit. Due t mergers and other financial cost cuts, lots of employees have already beard the loss while some of the jobs are still in the hangings. Major layoff of workforce at Meta, Amazon, Twitter has got everyone on their toes.
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IANS
The Washington Post has announced to cut jobs amounting to a "single-digit percentage" from its 2,500-strong workforce. The newspaper publisher Fred Ryan announced during a town-hall meeting with the employees that the media giant would eliminate some positions in 2023 and some of these positions would be from the newsroom. The newspaper has shut its Sunday magazine and laid off 11 newsroom employees.
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AFP
Online news portal BuzzFeed, which also owns the Huffington Post and Complex Networks, has also laid off at least 180 employees or 12 per cent of its workforce, as the media layoffs grow amid the challenging global conditions.
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Representational, AFP
In a bid to downsize the company, the firm has already sacked about 100 employees in September this year from ad sales department. After the Discovery merger, painful business realities had started to sink.
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AFP
Earlier this month, media giant CNN informed employees about layoffs. The move was expected to impact hundreds of staffers across divisions at the global news network and mark the deepest cuts to the organisation in years, the company said in an internal memo.
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