Thread regarding ViacomCBS layoffs

News media layoffs are already outpacing last year’s cuts

The news sub-sector of the media industry saw layoffs rise a staggering 1,660% in January from last year.

Big name news outlets such as The Wall Street Journal and CBS News have announced layoffs in recent weeks, while news startup The Messenger went belly-up — a signal that the decades-long decline of journalism is only worsening.

Job cuts at news companies — which make up a sub-sector of the broader media industry and include digital, print, and broadcast outlets — made up more than 60% of all layoffs in the media sector in January.

If journalism layoffs continue at their current pace, they’ll surpass last year’s by a long shot. And 2023 was already a bad year for news.

https://qz.com/news-media-layoffs-2024-1851260550

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| 579 views | | 3 replies (last March 18)
Post ID: @OP+1r6FBN8s

3 replies (most recent on top)

Journalism only cost money. Plus the morning shows are not news anymore but entertainment shows. News is dead and someone finally realized that they spend but don't produce money.

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Post ID: @vldd+1r6FBN8s

CBS News was just hit with layoffs too.

OP is simply stating that the media industry downturn is pervasive, it's not just affecting Paramount.

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Post ID: @oon+1r6FBN8s

Um stick to TV news. Newspapers have been dying for decades and are being replaced with ai generated stories - a whole different ball of wax. Stick to tv & cbs

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Post ID: @lvc+1r6FBN8s

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