Jobs cuts hit hard in media, communications

December 5, 2008

As the U.S. Labor Department reported a 6.7 percent unemployment rate for November and the largest number of job cuts since 1974, the media and telecom industries are definitely not immune.

As Viacom said it planned to lay off 850 people, or 7 percent of its workforce, NBC revealed layoffs of 500 employees including several longtime news correspondents, according to the New York Times.

RealNetworks also announced 130 layoffs, reducing its headcount by 7.5 percent. AT&T, which is trying its hand at competing against cable providers with its own TV service, on Thursday announced layoffs of 12,000, or 4 percent of its workforce, as the company struggles with declining traditional telephone sales and customers switching to wireless.

According to the New York Times, NBC’s layoffs included Mark Mullen, who served as NBC’s Beijing bureau chief during the Olympics; John Larson, the West Coast correspondent for “Dateline NBC”; and Dallas-based Don Teague.

Keep an eye on

  • LA Times looks to cheer us up with a report that Happiness is Contagious.
  • Former Microsoft VP Brian McAndrews for Yahoo CEO? – Silicon Alley Insider
  • Anna Wintour says has no intention of leaving Vogue editor post- New York Post

(Photo: Reuters)

2 comments

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

I see high paying jobs posted on popular job sites –

http://www.linkedin.com (professional networking)
http://www.monster.com (keyword job search)
http://www.realmatch.com (matches jobs based on skills)

I think the media is trying to scare the US workforce.

Posted by Susan | Report as abusive

People always hate to talk about when they are laid off. But as it has become every day’s news headline since Yahoo started it with cutting 1500 of its task force last year, now a need of platform has been in demand where people can express their selves in words how they are feeling about their company, whey the got laid off was that justified or not. And every thing they want to tell anonymously.

And http://www.layoffgossip.com is providing you that platform.