Here is a summary of the layoffs in the media industry:
- Netflix: Laid off 15 people in its film department as part of reorganization.
- Marvel: Made a small round of cuts that affected 15 employees across Marvel Entertainment in New York and Marvel Studios in Burbank.
- The Messenger: Shut down at the end of January, affecting around 175 journalists who lost their jobs due to advertising revenue decline.
- Time Magazine: Cut roughly 30 employees (25 men, 5 women) in January 2024 across editorial, technology, sales, and studios departments.
- Los Angeles Times: Fired 100 people, including 94 members of the Los Angeles Times Guild, citing "changing media landscape" and criticism from the union for its handling of layoffs.
- Sports Illustrated: Shut down due to missed payment, revoking its publishing license.
- YouTube: Laid off over 100 employees in January after Google laid off more than 1,000 workers across several divisions.
- Pitchfork: Parent Condé Nast rolled the website into GQ Magazine and laid off staff, including its editor-in-chief Puja Patel and eight unionized staffers.
- NBC News: Underwent a series of layoffs in January, affecting around 50-100 employees out of several thousand staff members.
- Great American Media: Cut roughly 13 jobs at the beginning of this year.
- Hallmark Media: Eliminated four executive positions in the exec suites.
- Amazon Studios: Laid off several employees across Prime Video and Amazon Studios, including senior execs such as Nancy Cotton and Uri Fleming.
Additionally, the following industry players announced layoffs or restructuring:
- Chicken Soup for the Soul: Filed Chapter 7 bankruptcy protection after missing a debt payment.
- Fifth Season: Made layoffs at the end of March that impacted nine employees.
- Allen Media Group: Underwent layoffs in May across all divisions of the company, including The Weather Channel and TheGrio.
- Noah Media: Pulled out of Netflix's 14 Peaks project after restructuring and laying off a small number of staff.
These layoffs are just a few examples of the many media companies that have undergone significant changes in the current market.