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Layoffs Likely to Continue in This ‘Wrenching’ Period for Media Industry

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Jason Kowalski
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It’s been a little over three weeks into the year, and hundreds of journalists are either already without jobs or are on the cusp of losing them.

Verizon Media, formerly known as Oath, will lay off 7 percent, or 800 employees, including HuffPost’s entire opinion section.

Gannett made cuts in local newsrooms throughout the country, from The Arizona Republic to The Coloradoan to The Record in New Jersey.

And staffers at BuzzFeed head into next week knowing that 15 percent, or about 220 of them, will be let go.

“It has been a tough week and a tough year for the news industry, and I think it’s going to continue be a rocky period for the course of 2019,” said Tim Franklin, former president of The Poynter Institute and senior associate dean at the Medill School of Journalism, Media and Integrated Marketing at Northwestern University.

In a memo to employees, BuzzFeed CEO Jonah Peretti said that while the news organization saw double-digit growth, the cuts were necessary to put the company on “a firm foundation.”

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Jason Kowalski
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