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In 2025, over 17,000 jobs were cut across television, film, broadcast, news and streaming in the first 11 months of the year. This figure was up 18% from last year, continuing a trend from the past few years as the industry has wrestled with consolidation and other pressures like the double strikes in 2023.
https://www.editorandpublisher.com/stories/entertainment-and-media-layoffs-up-18-with-over-17000-jobs-slashed-in-2025,259407
Recent layoffs at McKinsey have sparked a broader conversation about the state of the consulting industry. As one of the world’s most influential consulting firms trims its workforce, analysts are questioning whether this move reflects internal restructuring or a sign of slowing demand across the sector. Many are now watching to see if other consulting firms will follow with similar job cuts.
This company has lost there way it’s a good ole boys club they spend thousands on meetings that have no relevance just a big ole party and in same breath bi--h about a couple thousand dollars needed to keep operations going they do not upgrade there equipment are bring anything innovative into the industry they have lost hundreds if not thousands of years experience in the last few years due to cuts but keep top loading the boys club it won’t be long before they are irrelevant mark these words
just love seeing all the Linkedin posting of the various groups getting together for "end of year" celebrations , congratulating each other on such a great year, in the midst of continual layoffs. Still see Kate talking about "shaking" up industry..... hard to do that when you continue to lose money. Also good to see KJ, Stansbury, Tzetiel and some of the other higher ups reflect on a "job well done" and talking about all in, while the "no more" Lumen humans that were cut loose wonder how they will get through the holidays .... only real winner in all this is Brene' Brown, who continues to get rich off the company.
During last 20 years- since 2005, the usa has lost more than one third of its newspapers & three quarters of its newspaper journalism jobs
I have a gut feeling that we'll have difficult time recovering. The whole industry. I have 30 years of experience and I saw a ton of change, a ton of challenging, pivoting, reinventing. But now it feels different, Hollywood is in a complete disaray and thi stime it feels there is no recovery.
EVs are now 10 percent of new car sales in the states, what will this industry be in 15 years will it end up like coal?
But the whole industry is turning upside down due to tech and ai and some new sofware, so less work is required. It's not good that we are losing good jobs because of tech and this affects all companies in this space regardless of size and location, not only Higginbotham.
Is it bleak across the board or are there pockets of good somewhere?
Within the sales organization, many highly talented individuals have been let go — notably Account Executives and Industry Experts. A few years ago, in EMEA, I had the opportunity to review several account plans in sectors like Telco, Aerospace, and Automotive. I still remember exceptional strategic thinking that went into our plans for Vodafone or Airbus. Professionals who knew their clients deeply and instinctively were on command. The depth, creativity, and relevance of our strategies for complex industries were truly outstanding — second to none ! . And now, all those great people are gone. Brilliant, sharp and fast minds all fired ! Dead weights and slackers, all rewarded ! Deadly politics at play.