Bloomberg
Journalism Job Cuts Haven’t Been This Bad Since the Recession
The news business is on pace for its worst job losses in a decade as about 3,000 people have been laid off or been offered buyouts in the first five months of 2019. The cuts have been widespread. Newspapers owned by Gannett and McClatchy, digital media companies like BuzzFeed and Vice Media, and the cable news channel CNN have all shed employees. The level of attrition is the highest since 2009, when the industry saw 7,914 job cuts in the first five months of that year in the wake of the financial crisis.