The media industry seems to be in freefall following the announcement that Vice Media would cut 10% of its staff and that McClatchy Company offered buyouts to 450 employees, bringing the total number of media jobs cut in 2019 to over 2,100, reports Business Insider. The report added that the massive cuts so far this year represent a recent trend of cuts at digital-media companies that sprung up as newspapers around the country were shrinking and disappearing.

The Business Insider post stated that the January and February cuts “represent a seismic shift in the media landscape. According to the Pew Research Center, a total of 5,000 media jobs left the market between 2014 and 2017, including growth in the digital sector.”

For insight into what’s happening in the media world, click here.

 

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