An advertising slowdown, economic worries and strains caused by the shift to streaming have major media companies in cost-cutting mode
An advertising slowdown, economic worries and strains of the shift to streaming have many major media companies in cost-cutting and layoff mode.
News organizations, TV networks, movie and television studios, and entertainment giants laid off hundreds of workers over the past week alone, including Warner Bros. Discovery Inc.’s CNN and Paramount Global ’s television-production units.
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