Geee Posted July 23, 2020 Share Posted July 23, 2020 Zero Hedge Newsroom employment continues to slump. From 2018 through June, more than 28,000 employees at US newspapers have been laid off. Since the start of 2018, newsrooms have had a challenging time, resulting in industry-wide consolidation. The push to digital has been a significant contributor to this trend. As of recent, the coronavirus pandemic has triggered a nasty recession, collapsing ad revenue for media firms. Newsroom job cuts this year is shaping up to be the worst on record, could even surpass the dark of 2008/09, wrote outplacement firm Challenger, Gray & Christmas, Inc. The new report, titled "Newsrooms Suffer Worst Layoffs Through June on Record," reveals newsroom job cuts totaled 11,027 through June, up 169.8% from the 4,087 cuts announced in 1H19. Link to comment Share on other sites More sharing options...
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