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Latest Layoffs News

breakingBusiness

Tronc Lays Off Former LA Times Editor-In-Chief, Several Dozen Others

Former Los Angeles Times editor-in-chief Lewis D’Vorkin and dozens of other employees of Tronc Inc. were dismissed on Thursday. The cuts, which were made in a joint meeting with all the laid off employees present, included Tribune Interactive’s Los Angeles-based video and online content teams, which operate separately from the Los Angeles Times. No information on the total number of layoffs was immediately available. D’Vorkin was the chief content officer of Tribune… Read

Business

Viacom Lays Off About 100 Support Staff: Reports

Viacom

Viacom has initiated a round of layoffs, according to published reports. Approximately 100 people lost their jobs today, in a wave of cost-cutting that CEO Bob Bakish signaled during a recent earnings call. A spokesman declined comment. The layoffs, first reported by Cheddar, involve support positions. The parent company of Paramount Pictures, Comedy Central, MTV and Nickelodeon underwent a round of job cuts last September, eliminating about 20 positions. The company is… Read

Business

Funny Or Die Sets New Round Of Layoffs

A year and a half after it shuttered its Silicon Valley outpost and shed about 30% of its total workforce, digital upstart Funny or Die has announced further layoffs. The notice did not disclose a number for the staff reductions, but the last serious round of cuts in summer 2016 left the company with a bit less than 100 workers. An internal memo from company chief Mike Farah obtained by Deadline blamed marketplace conditions for the cutbacks. Once-high-flying digital… Read

Business

Refinery29 Lays Off Staff, Points To Tough Times To Come In 2018 For Digital Media

Young women’s lifestyle content creator Refinery29 has laid off 34 employees, just slightly more than seven percent of its staff. The layoffs came despite the 12-year-old company raising more than $125 million to date from investors, including Turner and Scripps Networks. “This year has been especially challenging for digital media and advertising companies,” said a company statement. “Refinery29 has seen tremendous growth, but is not immune to some of the negatives that… Read

Business

LA Weekly New Owners Apologize For Transition Snafus, Name Interim Editor

Amid threats of a boycott and anger over their secretive and awkward transition, the new owners of the LA Weekly have sent out an apology statement to the readership. “We have made numerous missteps in the transition of new leadership at L.A. Weekly,” said the letter from Semanal Media’s Brian Calle and David Welch, who have spearheaded what can only be described as a ham-handed first few weeks of owning the alternative publication. “We acknowledge it. We own it. We… Read

Business

CBS Cuts A Few Dozen Employees Across Broadcast Network And Syndication

As the television business continues to manage through major change, CBS has let go of a small number of workers over the past month in its broadcast network and syndication divisions. Through a combination of layoffs, buyouts and attrition, the net reductions are understood to have affected a few dozen employees. The cuts are not a corporate initiative and have been carried out at the discretion of individual department heads. CBS declined to comment. While certain… Read

TV

ESPN Lays Off 150 Studio & Production Employees

ESPN is eliminating 150 studio and production employees, cuts that do not include on-air talent. The announcement was made by ESPN President John Skipper in a memo to staff this morning. The positions, a source says, have been eliminated as ESPN redirect resources to what the company considers newer growth areas, like ESPN+, the direct-to-consumer service debuting this spring, and a new digital SportsCenter on Snapchat. The company is also launching the ACC Network, and… Read

Film

Miramax Lays Off 20 Film Service & Delivery Employees

Miramax, which has been undergoing a reorganization under the helm of Bill Block, has laid off about 20 film service and delivery lab employees. The new CEO had laid off about 25 employees in May which included nearly the entire TV and film staffs including the well-respected production head Zanne Devine. The company is reorganizing to basically license out its film and TV properties; it has a library touting about 700 titles. There are expected to be no more layoffs… Read

Business

Vice Media Cuts Staff By 2% As It Sharpens Focus On Video

vice logo

A dreary day for Vice Media: The millennial-focused company confirmed that it has begun to lay off about 60 people — 2% of its work force — across multiple departments, although it still plans to grow. The change partly reflects a shift in priorities toward video, and away from sports and online coverage. The cuts come a little more than a month after Vice snagged a $450 million investment from asset firm TPG. It values the company at up to $5.7 billion, CEO Shane Smith… Read

Business

Microsoft’s Latest Layoff Hits 3,000 In Sales And Customer Support

Microsoft’s about to slash an estimated 3,000 jobs, mostly from its sales and customer support operations outside the U.S., as it shifts its focus to its cloud business operation. The company today acknowledged the move, reported last week by the Puget Sound Business Journal and confirmed today by CNBC. "Microsoft is implementing changes to better serve our customers and partners,” it says in a statement. “Today, we are taking steps to notify some employees that their… Read

Business

New York Times Editors Decry “Humiliating Process” Of Layoffs

Using words including “betrayal,” “humiliating” and “covfefe” and suggesting that management had compared them to “dogs urinating on fire hydrants,” copy editors at the New York Times today let executive editor Dean Baquet and his heir apparent, Joseph Kahn, know exactly how they feel about taking the brunt of layoffs and buyouts as the Times expands its reporting ranks. The latest flare-up comes at a moment when the Times also is dealing with a libel lawsuit filed by form… Read

TV

Endemol Shine North America Shutters Digital Studio

Endemol Shine North America is shutting down Endemol Beyond, the company’s global video digital studio that launched in 2013. All five of the unit’s employees including president Bonnie Pan are exiting the company. Pan had been an EVP at Maker Studios before coming aboard to run the division in March 2016 to replace original president Will Keenan. “We constantly review our approach to ensure that we are at the forefront of market trends and producing the very best… Read