Tag Archives: layoffs

According to a report, a new media company created by famous TV show host, Dr. Phil McGraw, retained about a third of its 100-person staff. Merit Street Media, founded by McGraw earlier this year, completed a layoff Monday involving fewer than 40 people, mostly in the morning and evening news …

News site Axios is cutting roughly 50 jobs amid volatility in the media landscape, Axios co-founder and chief executive Jim VandeHei said Tuesday. Axios’ CEO cited the need to make “difficult changes” to adapt to climate change in a memo to staff. “We are making some difficult changes to quickly …

Paramount Global wrote down the value of its cable networks by nearly $6 billion and announced it would cut 15% of its jobs on Thursday, even as the company’s broadcast business reported its first quarterly profit. Paramount shares rose more than 5% in extended trading. The loss reflects a shrinking …

Cash-bleeding media giant Warner Bros. Discovery, pulled the plug on Cartoon Network’s website. The David Zaslav-led company — which on Wednesday reported a huge net loss of nearly $10 billion, driven by a stunning $9.1 billion write-down for a decline in the value of its cable TV networks — redirected …

Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said. The number of people affected could be similar to or slightly higher than the 4,000 Cisco …

Knot Worldwide cut about 4% of its global workforce this week as part of an internal restructuring at the wedding planning giant, The Post has learned. Approximately 100 employees were laid off in The Knot’s sales and marketing teams, according to sources familiar with the matter. The company began notifying …