It is a difficult day at WarnerMedia, which is undergoing a round of major layoffs, part of a companywide restructuring spearheaded by new CEO Jason Kilar. As part of realignment, leaving the company are (l-r) Jeffrey R. Schlesinger, president, Warner Bros. Worldwide Television Distribution; Ron Sanders, president, Worldwide Theatrical Distribution & Home Entertainment and EVP, International Business Operations; and Kim Williams, EVP and chief financial officer, Warner Bros. Entertainment.
NBCUniversal has begun making staff cuts across its entertainment portfolio including its sports and cable channels, broadcast networks, movie studio and theme parks, according to people familiar with the matter. The layoffs have been anticipated for several months and are primarily tied to the effect the coronavirus has had on many of the Comcast Corp. unit’s operations.
Fox Sports has laid off 50 to 100 staffers in what is being described as a restructuring and streamlining effort at the company, TheWrap has confirmed. That number amounts to 5% to 10% of the company’s total workforce.
LinkedIn will lay off about 960 workers across the company’s global sales and talent acquisition organizations as it grapples with falling demand for recruitment due to the COVID-19 pandemic.
The axe is about to fall at media giant NBCUniversal to offset losses brought on by the coronavirus pandemic, the New York Post reports. The scale of the layoffs could not yet be determined, but insiders described the job cuts as “sweeping”and “significant.”
Vox Media laid off about 6% of its staff on Thursday, citing the pandemic’s impact on revenue across the media industry. The digital media company, which owns a namesake news site as well as The Verge, Eater and the popular biweekly New York Magazine, employs about 1,200 people. This means the layoffs amount to 72 employees. The majority of these employees were already furloughed in April at the height of the US’ coronavirus pandemic.
The BBC has announced plans to cut a further 70 jobs from its news division, with Radio 4 and political programming expected to be badly hit. The cuts are on top of 450 previously announced.
Vox Media, the owner of media properties including New York Magazine, The Verge, SBNation and Eater, has informed its worker unions to prepare for company-wide layoffs, according to people familiar with the matter. Vox spoke with union leaders Monday to inform them of their plan to cut staff, said the people, who asked not to be named because the discussions are private. Vox furloughed about 100 employees in April, or 9% of its staff, until July 31 as Covid-19 affected advertising budgets.
Nielsen announced a new plan to cut costs and create operational efficiencies that will result in the reduction of its global workforce by about 3,500 employees. The company expects that plan to generate savings of about $250 million annually after taking a 2020 pre-tax restructuring charge of about $150 million to $170 million dollars. Nielsen had estimated that the charges would total between $120 million and $140 million.
Nationally-known reporters are among those affected by the CBSViacom layoffs, according to reports. A source with knowledge of the layoffs told TheWrap the cuts affected 300 people, of whom 75 were from the newsroom, “including some senior producers and reporters at top shows.” Journalist Yashar Ali named CBS News’ White House reporter Mark Knoller, Pentagon reporter Cami McCormick and correspondent Dean Reynolds in a series of tweets about the layoffs
Yesterday’s latest round of layoffs at ViacomCBS’s CBS Entertainment Group include the network’s owned stations. Among them: KCBS Los Angeles | WBBM Chicago | KDKA Pittsburgh | WJZ Baltimore. In a letter to staff, CBS News President Susan Zirinsky said: “There isn’t a single person leaving who did a bad job. It’s economics. It is absolutely the financials that has forced us to make these decisions.… I’m really sorry. There is not a person who won’t be missed.”
ViacomCBS plans to institute another round of layoffs that will affect the CBS Entertainment Group. The new round of layoffs come a month after an earlier round of cuts (about 100 people), that included Sarah Babineau, head of content and creative enterprises at Comedy Central, and Smithsonian Networks President Tom Hayden.
It’s getting hard to keep track of the bad news about the news right now. But we have to. Here’s Poynter’s attempt to collect the layoffs, furloughs and closures caused by the coronavirus’ critical blow to the economy and journalism in the United States. It was last updated on May 18.
The layoffs came swiftly last week. At Vice Media, 155 people lost their jobs. Quartz laid off 80. Condé Nast, publisher of glossy magazines such as Vogue, cut 100 people. And as BuzzFeed furloughed staffers at its overseas divisions, its U.S.-based staffers braced for similar cuts. For those who had been watching local newspapers struggle in the era of digitization, these announcements were sobering: Even the media business’s most savvy, innovative and glamorous players are hurting.
Vice Media has laid off roughly 155 employees, according to a Friday memo from CEO Nancy Dubuc. The memo, reviewed by TheWrap, said 55 of the cuts will be domestic and around 100 will be from overseas divisions.
Nearly half the employees at the international business news site will lose their jobs as the eight-year-old outlet emphasizes paid subscriptions over advertising revenue.
With 1Q revenue dragged down across divisions — from the closed theme parks units and film segments, affected by closed cinemas, and TV networks, where advertising started tanking amid the virus crisis despite higher news and other ratings — it is no wonder that management teams have in recent weeks unveiled furloughs, salary cuts and other measures to reduce their cost base.
Faced with unprecedented plunges in advertising revenue at NBC-owned WMAQ Chicago and Telemundo WSNS, employees of the two NBCUniversal stations are bracing for imminent layoffs. At a virtual town hall last week, David Doebler, president and GM of the stations, announced the staff reduction plans in response to the coronavirus shutdown. Doebler, who did not say how many positions would be affected, declined to comment further.
ViacomCBS CEO Bob Bakish sent an email to staff on Wednesday after the company laid off people across the organization. The newly merged company is still in the midst of cutting costs and streamlining its business following the tie-up between Viacom and CBS. It’s unclear, however, how many people were let go or what divisions were most-impacted.
An internal document at Vice Media Group lays out a plan for substantial layoffs at the new-media company’s websites, as Vice considers a variety of options to deal with coronavirus pandemic. The planning document calls for layoffs of more than 300 people in digital operations, including major cuts at both Vice News and Refinery29, the women-focused digital publisher Vice acquired last year.
The media industry continues to see widespread cuts as Valence Media slashes jobs across several of its brands, including The Hollywood Reporter, Billboard and Vibe. About a third of the company’s media division was laid off on Tuesday, which amounts to more than 100 job cuts, according to a source familiar with the matter.
Dish Network will let go of an undisclosed number of employees as the pay-TV giant looks to weather the impact of the coronavirus pandemic. A Dish spokesperson confirmed the layoffs to TheWrap, but did not elaborate on the number of employees or divisions impacted.
ViacomCBS is planning two rounds of layoffs, an individual with knowledge of the plans tells TheWrap. The first round could of cuts could come as early as Feb. 26 — ViacomCBS is set to hold its first earnings call as a combined company next Thursday — with the second round of layoffs coming at the end of March. The first batch of layoffs could affect as many as 100 people.
ViacomCBS is letting go of staff amid a reorganization of its corporate diversity and inclusion department. Sources tell Variety that the cuts are concentrated in CBS’s legacy corporate-diversity department.
More than 3,000 journalists lost their jobs this year. These are some of their stories.
As many as a dozen employees at Fox affiliate WXIN and independent WTTV, including one on-air reporter, were laid off Wednesday, roughly three months after Nexstar Media Group acquired the stations as part of its $4.1 billion deal to buy Tribune Media.
The media company behind Showtime and Nickelodeon is swinging the ax at CBS’s finance department, which is housed in the network’s Midtown Manhattan “Black Rock” headquarters, according to sources.
The teams at website ET Online and digital network ET Live have merged, resulting in layoffs across those Entertainment Tonight-adjacent brands.
The media industry continued to execute cuts in December and November as Gannett, Highsnobiety, and the CBC reduced headcounts. The cuts followed large rounds of layoffs and buyouts earlier in the year from companies including BuzzFeed, Verizon, and Vice Media. The massive cuts this year represent a recent trend in media that has seen upstart companies and newspapers alike shrinking and disappearing.
Amid a restructuring, another round of layoffs are set to impact NBCUniversal’s E!, Bravo, Oxygen, USA and Syfy networks Thursday, a source familiar with the situation tells Variety, not long after the E! network laid off around 20-25 staff in August.
At least 40 people have been let go from AXS TV following Mark Cuban’s sale of his majority stake in the cable network and the channel HDNet Movies to Steve Harvey and Anthem Sports & Entertainment on Monday, three individuals close to the situation say. The company’s Dallas staff is almost completely terminated, while the Denver and Los Angeles offices are also hit hard.
In the further wake of its acquisition of 21st Century Fox’s entertainment portfolio, Disney has laid off nearly 60 employees within its Media Distribution division, affecting those within both Disney and Fox.