#media layoffs
Text
The company — which was once valued at $5.7 billion in its go-go years — filed for Chapter 11 bankruptcy protection last year and in July 2023 closed a $350 million sale to a group of its former lenders, Fortress Investment Group, Soros Fund Management and Monroe Capital.
Last fall, Vice made another round of layoffs after several Vice News shows failed to get renewed, and consolidated its five operating divisions down to two. After those cuts, Vice Media had over 900 employees worldwide; at one point, it had about 3,000.
#news#labor news#us news#layoffs#2024 layoffs#media layoffs#media industry layoffs#vice#vice layoffs
40 notes
·
View notes
Text
Layoffs are more than just lost jobs. They are lost stories. Somewhere, a corrupt city councilmember will get away with a career of heinous wrongdoing because of one of the jobs lost to recent cuts. Journalism matters. How we see the world matters. The journalists who lost their jobs last week, last month, last year, and last decade deserve better than they’ve gotten. They shouldn’t have to hope to land Tinkerbell Jobs that exist through belief and patronage. In fact, they can’t. It’s not sustainable. What so many of them have provided is a public service whose value cannot be valued in simple economic terms alone.
0 notes
Text
ALT Text:
Every few months another cultural institution gets trashed by some conglomerate for short term profit and loads of talented, hard working people lose their jobs. We mourn it and we move on, but this world is getting remade by those with no interest in art, culture, or people.
It's incredible that, when I graduated high school and looked at college, journalism was still a thriving career choice. Now just over 20 years later it's as devalued as ice delivery after the refrigerator was invented. But crucially, it's not being replaced by anything better.
(third panel is a troll claiming journalists are themselves responsible for being unemployed, allegedly for choosing not to create any value)
(source)
#this world is being remade by those with no interest in art culture or people#food for thought#mass layoffs#the news industry#the news media#journalism#mass media#news#media layoffs#brave new world#the 2020's#meanwhile on twitter
0 notes
Text
"The media industry has announced 17,436 cuts so far in 2023, the highest year-to-date (YTD) on record. The second-highest YTD for the sector occurred in 2020, when 16,750 cuts were announced through May. After 2020, the next highest YTD occurred in 2001."
—Challenger, Gray, and Christmas report for May 2023
0 notes
Text
ESPN Lays Off Top On-Air Personalities 2023-07-01 01:02:19
Jeff Van Gundy, Suzy Kolber, Jalen Rose and Steve Young are among roughly 20 ESPN commentators and reporters who were laid off on Friday as part of job cuts by the network.
ESPN had planned this additional round involving on-air talent to prevent further reductions to off-air staff after two rounds of mandated cuts by its corporate owner, the Walt Disney Company.
Disney CEO Bob Iger announced…
View On WordPress
0 notes
Text
As Bell Media blamed regulators and policymakers for its decision to announce a fresh round of layoffs Thursday, federal and provincial politicians accused the company of unnecessarily killing off local journalism.
Heritage Minister Pascale St-Onge decried the company for breaking its promise to invest in news after it was granted more than $40 million in annual regulatory relief.
That's the same amount the company said its news division, which includes CTV News and BNN Bloomberg, is losing annually.
Continue Reading
Tagging @politicsofcanada
54 notes
·
View notes
Text
I can’t wait to see how badly this new business venture of Watcher’s fails. I hope Steven, Ryan, and Shane’s America centric self obsessed asses lose everything and I hope Steve has to sell his Tesla and bullshit matcha machine and the others have to downsize whatever else bougie shit they have and LEARN how valuable $6 is, not just in the US but everywhere else. This is going to crash and burn and I can’t wait to see the decline.
#watcher#edited to include the rest bc the Steven Lim hate is getting a little much. he’s the CEO and Silicon Valley prick#but hes not the mastermind behind the whole ordeal.#fuck Ryan and Shane too bc they could have said no#I know Steven runs the business but they’re big boys#fuck most of Watcher’s staff too bc tell me why one of the employees told someone on Patreon their money wasn’t worth the channel’s time#I hope that single social media manager that wasn’t on board gets out of there before things get really bad bc there WILL be layoffs#also that whole ‘anyone and everyone can afford this’ line was laughably appalling#’how much is one banana? 10 dollars?’ sounding ass#like there’s no coming back from this it’s insane they didn’t even THINK to run it by the fans
22 notes
·
View notes
Text
media layoffs in 2024
LA Times (20% of staff)
TIME (15% of staff)
Pitchfork (all of it, pretty much)
Sports Illustrated (all of it)
National Geographic
Business Insider (8%)
NBC News
it's still January
29 notes
·
View notes
Text
Hmmm 🤔
#pay attention#educate yourselves#educate yourself#knowledge is power#reeducate yourself#reeducate yourselves#think about it#think for yourselves#think for yourself#do your homework#do some research#do your own research#ask yourself questions#question everything#layoffs#mainstream media
24 notes
·
View notes
Text
do i have to make a fucking cohost now im going to scream
edit: https://cohost.org/axolotelle follow me here because thats where the art will be from now on and i can even post my nsfw
#mmm love losing all my friends and communities and audience because all social media decided to become antogonistic to its users#fun fact: the dev layoffs are so much worse because so many dev communities died with twitter
11 notes
·
View notes
Text
#messy ventura#philip lewis#internet#Google#capitalism#algorithm#social media#twitter#bots#bot#spam#advertisement#it's over#layoffs#online
9 notes
·
View notes
Text
The Insider Union, affiliated with NewsGuild of New York, said 22 of its members as well as “many of our non-union colleagues” were laid off. “From the timing of today’s announcement — not even a month after our layoff moratorium expired — it’s clear that management has been eager to lay more of us off,” Emma LeGault, unit chair for Insider Union and a senior copy editor for Business Insider, said in a statement.
46 notes
·
View notes
Text
Don’t cheer the spate of media layoffs: Newspapers are essential to our republic
By Social Links for Daniel McCarthy
Bad news for the media often feels like good news for conservatives.
So word that Vice and BuzzFeed are laying off hundreds of journalists, weeks after the complete collapse of the Messenger, won’t elicit much sympathy from the right.
Then again, it’s not just conservatives who disapprove of the news business today: Gallup last year found a paltry 32% of Americans say they have “a great deal” or “a fair amount” of trust in the mass media.
The same survey found 29% had “not very much” trust in the media — and a record-setting 39% confessed they had “none at all.”
Last month, the Los Angeles Times announced reductions of its newsroom by more than 20%.
Jeff Bezos’ Washington Post has also been through rounds of buyouts and cutbacks.
But the troubles of traditional newspapers are often taken for granted.
A decade ago, online outlets like Vice and BuzzFeed were meant to be the future of media — new species adapted for the internet ecosystem.
First came “search engine optimization,” then gaming the algorithms that decide what content gets served to millions of Facebook and Twitter (now X) users.
BuzzFeed was notorious for “listicles,” which were addictively easy to share until Facebook became so saturated with BuzzFeed and Thought Catalog junk that Mark Zuckerberg’s platform decided to change the rules.
After all, how much clickbait could readers take?
Online media startups attracted investment by showing phenomenal growth, but it was like an athlete on steroids.
Entrepreneurial young journalists, well-connected with classmates and former colleagues at established outlets, garnered hype and headlines from their friends.
That sparked investor excitement, and with investors’ money, new sites could show a rapid explosion in traffic — since they were starting from nothing.
But how could they maintain investor-dazzling double-digit growth after the first spurt?
The social media on which the news sites depended faced the same problem.
The solution for Facebook, once new users started tapering off, was to get existing users to spend more time on the site, which meant no longer sending them to other sites, like news sources, through links.
Now Facebook and X make it nearly impossible to promote journalism on their sites — they want the eyeballs to stay on their own platforms.
YouTube and Facebook felt like the Wild West in those days, with neither copyright law nor political correctness putting a damper on what users could share.
Today politics isn’t the main reason social media suppress news, but it’s an aggravating factor, as the Wall Street Journal’s Kyle Smith recently noted on X.
Smith pointed out that progressive campaigns to shame advertisers into abandoning Fox News, or X itself under Elon Musk’s ownership, encourage advertisers to avoid all political risk.
Budweiser’s humiliating losses after turning the transgender “influencer” Dylan Mulvaney into a brand representative demonstrated how much it could hurt to alienate conservatives.
So why advertise with any politically charged news organizations?
If left-leaning sites like Vice and BuzzFeed are collateral damage in progressives’ war on right-of-center political expression, that may seem like just deserts, as well as a poignant irony.
But the wider lesson is that online media were never on a secure footing, dependent as they were not just on advertising — which is true for almost all media — but on the whims of Big Tech, which has its own growth worries.
Newspapers, by contrast, flourished as local institutions sustained by local retailers.
The emergence of online national and even global retail, however, has meant ad spending isn’t dictated by geography anymore.
Businesses can reach consumers directly or cast a wider net by buying a little exposure on large platforms like Google or Facebook.
Yet not only news but our very system of government is built on localism — on distinct cities, towns, states and congressional districts.
Newspapers served as their town halls, even more than physical town halls did.
The wipeout of hype-driven, placeless new media isn’t a cause for celebration, but it’s not a disaster for our republic.
The loss of local distinctiveness, on the other hand, is at the root of much of our polarization and deadlock today.
In “Democracy in America,” Alexis de Tocqueville argued “that the number of newspapers must diminish or increase amongst a democratic people, in proportion as its administration is more or less centralized.”246
Fewer newspapers means more centralized power — and more conflict over it.
Conservatives who don’t want that have reason to want newspapers to survive.
And newspapers that want to survive have to fight hard for local interests and values — including conservative ones.
Daniel McCarthy is the editor of Modern Age: A Conservative Review.
Twitter: @ToryAnarchist
Insert of the author of this crap. 👆
First off, none of it makes a damn bit of sense, especially the fact that this is an opinion piece in the CONSERVATIVE New York Post, written by a guber with the word, Anarchist, in his Twitter handle, it can't decide what to blame the layoffs for, and keep blaming all of this on Conservatives, when the Champagne Socialists pretty much alienated the whole country. Like, WTH. Beheaders, indeed.
#Don’t cheer the spate of media layoffs: Newspapers are essential to our republic#I SHALL CHEER AND LAUGH MISERABLE BEHEADERS#New York Post
2 notes
·
View notes
Text
Twitter sued over Elon Musk’s plan for mass layoffs
Twitter sued over Elon Musk’s plan for mass layoffs
A class-action lawsuit has been filed against Twitter over Elon Musk’s plan to sack thousands of staffers, alleging that employees weren’t given enough notice of the mass layoffs in violation of federal and California law.
The lawsuit was filed Thursday in San Francisco federal court after the company notified employees it would eliminate some 3,700 jobs, half its workforce, Bloomberg News…
View On WordPress
39 notes
·
View notes
Text
Avatar: Frontiers Of Pandora Cover Story And Talos Principle 2 | GI Show
New Post has been published on https://thedigitalinsider.com/avatar-frontiers-of-pandora-cover-story-and-talos-principle-2-gi-show/
Avatar: Frontiers Of Pandora Cover Story And Talos Principle 2 | GI Show
In this week’s episode of The Game Informer Show, Alex and Marcus break down our latest cover story featuring Avatar: Frontiers of Pandora and chat about their multiple play sessions thus far. However, prior to our cover story discussion, we call out this week’s layoffs at Ubisoft, during which the company laid off over a hundred employees. Later in the show, we chat with Charles about his positive Nickelodeon All-Star Brawl 2 review before diving into a new puzzle game, The Talos Principle 2, and Fortnite OG, the popular battle royale’s latest season that’s smashing records.
Watch Or Listen To The Game Informer Show:
[embedded content]
Follow us on social media: Alex Van Aken (@itsVanAken), Marcus Stewart (@MarcusStewart7), Charles Harte (@ChuckDuck365)
The Game Informer Show is a weekly gaming podcast covering the latest video game news, industry topics, exclusive reveals, and reviews. Join host Alex Van Aken every Thursday to chat about your favorite games – past and present – with Game Informer staff, developers, and special guests from around the industry. Listen on Apple Podcasts, Spotify, or your favorite podcast app.
Matt Storm, the freelance audio editor for The Game Informer Show, edited this episode. Matt is an experienced podcast host and producer who’s been speaking into a microphone for over a decade. You should listen to Matt’s shows like the “Fun” And Games Podcast and Reignite, a BioWare-focused podcast.
The Game Informer Show – Podcast Timestamps:
00:00:00 – Intro
00:03:10 – Ubisoft Layoffs
00:06:12 – Cover Story: Avatar: Frontiers of Pandora
00:43:23 – Nickelodeon All-Star Brawl 2 Review
01:00:30 – The Talos Principle 2
01:21:18 – Fortnite OG
01:31:16 – Housekeeping and Listener Questions
#app#apple#audio#avatar#developers#diving#employees#Experienced#freelance#game#games#gaming#Industry#layoffs#media#microphone#News#Play#podcast#Podcasts#review#Reviews#social#Social Media#Staff#Video
2 notes
·
View notes
Last Seen Blogs
pushbeanplus
Squishy
psychoticmayhem
Psychtotic Mayhem 18+
ianputrim-blog
pawana rasa
bramblequeen
Aspiring Local Cryptid
didakaymaz-blog
dida