The media industry has been hit hard with layoffs this year, with thousands of jobs already lost

The media industry has been hit hard with layoffs this year, with thousands of jobs already lost. Major outlets such as the Wall Street Journal, Vice Media, the Washington Post, Business Insider, BuzzFeed, and Sports Illustrated have all experienced significant cutbacks. The decline in online ad revenue and the end of the COVID-era audience traffic boom have contributed to these layoffs. Experts predict that most of these jobs will not return, as the industry struggles to find a sustainable business model in the face of Big Tech’s dominance in the ad market.