Media companies announce more layoffs to cut costs, blaming a relentlessly challenging ad market ...Middle East

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The seemingly endless cycle of media industry layoffs over the past year hit another crescendo this month. Since the beginning of November, X – formerly known as Twitter – has been flooded with journalists and other media staffers bidding their farewells from G/O Media, Vice Media and Vox Media, all of which announced cuts to staff. Two media analysts and a former HR exec told Digiday these cycles of staff cuts may be the new normal, as long as the ad market remains under pressure. Large digital and legacy publishers alike – including BDG, Disney, Gannett, Vox Media and The Washington Post – have shed staff via multiple rounds of layoffs that began as far back as late 2022. By October 2023

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Last updated : 13 Nov 2023 clock 08:36 AM

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Media companies announce more layoffs to cut costs, blaming a relentlessly challenging ad market ...Middle East

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