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Entertainment and Media Suffers Another Major Blow in 2024 With 15,000 Job Cuts
The WrapStory by Tess PattonImage from The Wrap
scrn loglineIn a devastating blow, the entertainment and media sectors shed 15,000 jobs in 2024, compounding the previous year's industry struggles.beat sheet- Major players like ABC, CBS, and Fox all contributed to the massive layoffs, as the sector continues to grapple with the impact of the pandemic and shifting consumer habits.
- Industry insiders predict the job cuts will have a ripple effect, leading to reduced content production and fewer opportunities for up-and-coming talent in the Hollywood pipeline.
Read the sourcecall sheetABC, CBS, Fox, Netflix - CinemaBlendCinemaBlend19h
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Entertainment and Media Suffers Another Major Blow in 2024 With 15,000 Job Cuts
The WrapStory by Tess Patton
scrn logline
In a devastating blow, the entertainment and media sectors shed 15,000 jobs in 2024, compounding the previous year's industry struggles.
beat sheet
- Major players like ABC, CBS, and Fox all contributed to the massive layoffs, as the sector continues to grapple with the impact of the pandemic and shifting consumer habits.
- Industry insiders predict the job cuts will have a ripple effect, leading to reduced content production and fewer opportunities for up-and-coming talent in the Hollywood pipeline.
call sheet
ABC, CBS, Fox, Netflix