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