The layoff count in the new year
Like most industries, news organizations in the new year take the time to launch initiatives, announce new business models and look forward to the year ahead. But it’s also a time for cutting the fat, which means layoffs. Although there don’t seem to have been as many staff cuts announced this year as at the same time last year, here’s a rundown of which media outlets have been giving pink slips:
- The major news concerning layoffs has been at Time Inc., which is reportedly cutting close to 500 members of its workforce, much like it did last year. According to Ad Age, a number of the cuts will be from duplicate jobs created when Time Inc. purchased American Express Publishing. Time Inc. will cut three of its magazine groups: News and Sports, Style and Entertainment, and Lifestyle.
- Patch.com started off the year with a bang when it laid off hundreds. The cuts were reportedly a restructuring as a part of its joint venture with Hale Global, which purchased the majority stake of Patch earlier last month. This comes after the elimination of roughly 400 positions at the end of 2013.
- Starting Feb. 14, NBCUniversal will lay off 164 positions from “The Tonight Show,” which is being moved to New York City from the show’s Burbank, Calif., studio, reported LABusinessJournal.com. The majority of the cuts will reportedly be in production.
- Last month, Orange County Register owner and publisher Aaron Kushner announced in an internal memo the elimination of 32 positions. This is after an eighteen-month hiring spree when most news organizations around the country were cutting staff. In the memo posted at Romenesko.com, Kushner said the company still employs 370 people on its content team, which is still up from the 198 when Kushner first took over the newspaper company.
Although layoffs are never a good start to the year, some were to be expected while others were a matter of internal changes. The layoffs are not as numerous as they were at the same time last year, so perhaps this will be a reflection of the coming year.
Communications Best Practices
Get the latest updates on PR, communications and marketing best practices.
Cision Product News
Keep up with everything Cision. Check here for the most current product news.
Thought leadership and communications strategy for the C-suite written by the C-suite.
A blog for and about the media featuring trends, tips, tools, media moves and more.