Layoffs Hit Digital News Organizations
“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,” reports The Washington Post.
The Post’s post added “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.”
“The pain is across the board,” said Gabriel Kahn, a professor at the University of Southern California Annenberg School for Communication and Journalism. “This isn’t just a question of nimble, digital companies able to survive and lumbering, legacy ones perishing. The marketplace is too brutal the way it’s configured right now.”
More here.
