The year is quickly coming to an end, but unfortunately, layoffs in the media and tech industries show little signs of abating. A number of big-name companies over the last few weeks have announced job cuts.
While these rounds of job cuts are smaller than the tens of thousands of workers who lost jobs at companies like Meta, Microsoft, Disney, and Amazon in late 2022 and early 2023, they show that jobs are still on the line as companies in the media and tech sectors look to cut costs.
The latest big-name job cuts in November include:
- Vice Media: The beleaguered company that was once the hottest media property among younger demographics announced it would lay off dozens of staffers after it shuttered several news shows. CNN reported that the number laid off was fewer than 100.
- Jezebel: Last week, it was announced that the iconic feminist news site would be shutting down, and that all 23 editorial staffers would be laid off. In a statement, WGA East members at Jezebel (via Variety) said, “The closure of Jezebel also underscores fundamental flaws in the ad-supported media model where concerns about ‘brand safety’ limit monetizing content about the biggest, most important stories of the day.”
- Condé Nast: The company that publishes titles including Wired, Vogue, and The New Yorker announced it would cut 5% of its workforce. The company has a workforce of over 5,000, according to the Hollywood Reporter, so a 5% layoff means over 250 jobs will go.
- Dish Network: The struggling satellite TV provider is cutting at least 500 jobs, reported FierceWireless. Dish blamed the cuts on “changing business demands.”
- Amazon: Despite cutting thousands of employees over the past year, Amazon isn’t done with its layoffs. As CNBC reported, Amazon is cutting more than 180 jobs in its Amazon Games division. The cuts come in areas that included those who dealt with video game streaming and supporting third-party games.
- Snap: The Snapchat maker has laid off almost 20 project managers, reported The Information. The layoff news followed in the footsteps of several exec departures in recent months.
- Chewy: The pet-supply company has cut about 200 jobs, TechCrunch reports. Chewy stock is down more than 40% year to date.
When it comes to tech layoffs in 2023, Layoffs.fyi says more than 1,100 tech companies have laid off nearly 250,000 workers as of the time of this writing.
