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List Of Hollywood & Media Layoffs So Far In 2024: From Paramount To Warner Bros Discovery To CNN

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Merit Street Media Dr. Phil McGraw's news and entertainment network Merit Street media laid off nearly a third of its employees at the beginning of August. The company was partnered with ...
The article from Deadline outlines a series of layoffs and cost-cutting measures across various Hollywood studios and media companies in response to economic pressures and shifts in the industry landscape. It details how companies like Warner Bros. Discovery, Paramount Global, and Disney have undertaken significant layoffs, with Warner Bros. Discovery cutting jobs to achieve $3.5 billion in savings, Paramount reducing its workforce by 25%, and Disney planning to eliminate 7,000 jobs. Other companies like NBCUniversal, Netflix, and Amazon have also made strategic cuts or restructured their operations. The layoffs are attributed to a combination of factors including the aftermath of the streaming wars, a challenging advertising market, and the need to streamline operations for profitability. The article also mentions the impact on various sectors within these companies, from film and TV production to corporate and administrative roles, highlighting a broader industry trend towards downsizing and cost efficiency.

Read the Full Deadline.com Article at:
[ https://deadline.com/feature/hollywood-media-layoffs-list-1236007845/ ]