![]() ![]() In December, NPR canceled its summer internship program as it attempts to make $10 million in budget cuts. The Washington Commanders have been on the market since news broke on November 2nd that Dan and Tanya Snyder hired Bank of America Securities to explore a sale of the franchise.In November, Vice Media CEO Nancy Dubac said her company planned to cut costs by "up to 15%." What we're watching: Companies have enacted other cost-cutting measures. Musk said Twitter has about 2,300 employees, down from 7,500 when he took over in October. Twitter, now under the management of Elon Musk, has continued to cut staff.In January alone, Spotify ( 600), Google ( 12,000), Microsoft ( 10,000), Salesforce ( 8,000), Amazon ( 18,000), Coinbase ( 950) and Vimeo (140) have let go of staffers, amounting to nearly 50,000 tech workers in total.Several companies have attributed the layoffs, in part, to over-hiring during the pandemic. The big picture: Dramatic cuts also have extended across the tech industry. Our award-winning journalists have covered Washington and the world since 1877. The Jeff Bezos-owned company is expected to cut a single-digit percentage of its workforce soon, as announced by the paper's publisher and CEO in December. The Washington Post has been bracing for layoffs.These cuts followed a broader structural reorganization. NBC News and MSNBC laid off about 75 staffers across divisions, per Adweek.The company had employed fewer than 500 people and the cuts affected less than 10%, per Variety. Fandom, an entertainment news company, laid off workers across some brands it had acquired last year including Giant Bomb, GameSpot and Metacritic.The traveler says that they paid 28 to ship their clothing in each. Vox Media, which owns The Verge, Thrillist and New York magazine, laid off 7% of its staff. After CNN, the mass layoffs hit Vox, Buzzfeed, the Washington Post and other US media giants. In the video above, you can see one person opting to send a box of their belongings via FedEx instead of paying to check luggage.Adweek, a trade publication covering the ad industry, told staff it was cutting about 10% of its workforce, impacting 14 people.Discovery and Disney, digital media brands like Morning Brew and Vice Media and newspapers like Gannett, more media companies started the year with news of layoffs. Now, it looks like those fears are trickling back.ĭetails: After a rough winter with cuts at entertainment giants like Warner Bros. The remark was a nod to many people’s worst fears about the case. Google, a potential landmark case covering Section 230 of the Communications Decency Act of 1996. Why it matters: For millions of people across both industries, the layoffs feel like whiplash.įlashback: An unprecedented number of jobs were cut early on in the pandemic, as a response to temporary advertising headwinds. Supreme Court Justice Elena Kagan made the wryly self-deprecating comment early in oral arguments for Gonzalez v. A slew of media companies and tech firms have begun to announce sweeping job cuts as the economy continues to face uncertainty. ![]()
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