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Capitalism: Newsrooms cuts reached new record
  • Vitaliy_KiselevVitaliy_Kiselev

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    According to analysis from global outplacement and executive and business coaching firm Challenger, Gray & Christmas, Inc., newsrooms have announced 11,027 job cuts this year, up 169.8% from the 4,087 cuts announced in the first half of 2019.

    This year’s total through June is 116% higher than the 5,104 newsroom cuts announced through June 2018. That year’s full-year total of 11,878 was the worst year for newsrooms since 2008, when 14,265 newsroom cuts were announced. Through June, newsroom cuts are their highest point since Challenger began tracking them in 2003.

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