Audiences rising dramatically, but advertising revenues at the lowest: the paradoxical situation of the media during this pandemic continues to have very concrete social effects. According to the New York Times , 36,000 American media workers have been hit by wage cuts, short-term placements, or layoffs since the coronavirus crisis began.
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If this countdown ends on May 1, the savings measures will continue. On Thursday, Condé Nast ( Vogue, GQ, The New Yorker ) announced that it would cut 100 of 2,700 jobs in the United States and place just as many short-time workers. The press group is feeling the brunt of the decline in advertising investments, which usually line its magazines and free access sites. These layoffs are in addition to the 250 others announced in three days by several American pureplayers.
The coming economic recession could also erode advertising revenues for years
Zach Seward by QuartzBuzzFeed decreed the placing of ten workers in the UK on short work and four in
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