Media Layoffs Top 3,000 in Past Year as Digital Ads Disappoint

Layoffs swept much of the media industry this week in an ominous start for 2024, further thinning the ranks at once-mighty publications such as the Los Angeles Times, Time and Sports Illustrated.

More than 3,000 editors, reporters and journalism industry professionals have lost their jobs over the past year, according to estimates by Bloomberg News, adding to what has been a devastating few decades, particularly for newspapers.

The job reductions include some of the most storied names in the business. Time magazine cut 15% of its staff. Condé Nast, publisher of Vogue and the New Yorker, has let go 5%. ...