Media & Entertainment

Latest Media & Entertainment Layoffs Data & News

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Recent Largest Media & Entertainment Layoffs – 2024

June 2024

Company: Seven West Media

Headquarters: Perth, Western Australia, Australia

Number of People:  150

Seven West Media to cut 150 jobs due to a weak advertising market and the end of a lucrative Meta deal. Seven West Media, the parent company of Channel 7 will reportedly make up to 150 job cuts today as it contends with a sluggish advertising market and prepares for the conclusion of a profitable commercial deal with Meta.

June 2024

Company: Schibsted

Headquarters: Sweden, Sweden, Sweden

Number of People:   250

Norwegian online classified ads group Schibsted will cut around 250 jobs in the Nordic region as part of a restructuring plan to reduce costs and boost efficiency. Schibsted recently divested its legacy news media business and operates online marketplaces for real estate, jobs, cars, travel, and other services in Norway, Sweden, Denmark, and Finland.

June 2024

Company: Media 24

Headquarters: London, Greater London, United Kingdom

Number of People:  400

Media company Media24 plans to close five newspapers’ print editions and convert three titles into digital-only brands. The company said that they will start consultations with staff, which will be completed over the next three months. The transfer of the sold businesses to their new owner will take place this week.

June 2024

Company: Seattle Rep

Headquarters:  Seattle, Washington, United States

Number of People:  17

Seattle Rep, the city’s preeminent regional theater company, will eliminate 17 staff positions over the next several months, including the majority of its artistic, arts engagement, and Public Works departments.

May 2024

Company: News Corp

Headquarters: New York City, New York, United States

Number of People:   ND

News Corp staff are bracing for wide-ranging job cuts as part of an impending restructure that will deliver casualties across the company’s middle management and senior editor ranks.

What are the Benefits of Utilizing the Media & Entertainment Layoff Data?

Investment & Trading:

Make informed decisions about buying, selling, or avoiding media & entertainment stocks based on the implications of job cuts for such companies’ profitability and market position.     

Revenue Forecasting:

Layoffs typically result in changes in decision-making and budgets. Power your revenue forecasting models with the latest layoff data about your media & entertainment customers and prospects to predict revenue from them.

Identify Churn Risks:

Layoffs in media & entertainment customers are signals for downgrades and decreased usage and consumption of products and services. Identify customers’ churn signals proactively.

Market Research & Intelligence:

Use the latest layoff data in media & entertainment companies to identify employment trends in the sector for market research and market intelligence activities.

Hiring/ Recruitment:

Hire highly skilled talent from media & entertainment companies that announced layoffs. This targeted approach can be especially effective for companies with unique hiring needs.

Why Subscribe to Intellizence Media & Entertainment Layoff Dataset?

AI-Powered Platform:

The Intellizence company intelligence platform is powered by cutting-edge Natural Language Processing and Machine Learning technologies that curate layoff data from multiple external sources. Every record is human-audited for data integrity.

Delivered in Near Real-time

Intellizence monitors thousands of sources in real-time for any latest layoff announcements from various unstructured external sources and delivers layoff data in a structured format.

Comprehensive Coverage

Intellizence curates the data from news, press wires, and WARN notices to ensure comprehensive coverage. The intellizence layoff dataset covers data from media & entertainment and all other emerging and established industries.

Multiple Delivery Channels

The layoff news is delivered through multiple channels – Web Platform, Email Alerts, Slack, CRM, and ChatGPT Plugin. We offer API to power your applications and models with real-time layoff news and data. 

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In addition to Layoff News & Data, Intellizence offers curated news on 80+ company signals and structured datasets – Startup Funding, Mergers & Acquisitions, Business Expansion, Major Hiring, CXO Appointments & Changes, and Data & Security Breaches.

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