Jobs cuts hit hard in media, communications
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.
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