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Despite Music Industry Growth, Companies Are Tightening

Discussion in 'Article Discussion' started by Melody Bot, Jan 19, 2024.

  1. Melody Bot Jan 19, 2024
    Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    Lucas Shaw, writing for Bloomberg:

    Last year was brutal for the media business, as nearly every major entertainment and technology company fired employees. This year is shaping up to be more of the same.

    More than a dozen major corporations across technology, finance and media announced major job cuts this past week, including Amazon.com Inc., Alphabet Inc. and Unity Software Inc. Universal Music Group, the world’s largest music company, plans cuts in the first quarter. Animation studio Pixar will let staff go in the second half. All told, media companies have fired more than 70,000 employees since the start of last year, according to Vivek Couto at Media Partners Asia.

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