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Struggling Industry

All articles tagged with #struggling industry

Vice Media to Close Website, Lay Off Hundreds

Originally Published 1 year ago — by Al Jazeera English

Vice Media, known for its edgy content, will cease publishing new content on its flagship website and lay off several hundred staff as part of a strategic shift to partner with other media companies. The move reflects the broader struggles of news outlets in the digital era, with traditional and digital media alike facing challenges in finding a viable business model. This comes amid a wave of job cuts in the industry, with Vice's rivals like BuzzFeed News and Jezebel shutting down last year, and layoffs announced at other major media outlets.

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"Business Insider Slashes 8% of Workforce in Latest Layoffs"

Originally Published 1 year ago — by CNN

Business Insider announced it will cut 8% of its staff as part of a refocusing effort, joining a wave of news organizations undergoing layoffs due to industry challenges. The CEO cited the need to prioritize efforts for the future, with affected employees receiving at least 13 weeks of pay and medical insurance. This move comes amid similar actions by other major news outlets, reflecting the broader struggles faced by the industry due to advertising challenges and the decline of traditional business models.

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