Media job cuts surged last year
Study reveals number of layoffs jumped by 88 percent in 2006, a trend expected to continue this year.
NEW YORK (Reuters) -- The number of planned job cuts in the U.S. media sector surged 88 percent last year and that trend will likely continue as readers shift from print to online services, a study Thursday showed.
For all of last year, the media industry announced 17,809 job cuts, up sizably from the 9,453 cuts announced the prior year, according to the job outplacement tracking firm Challenger, Gray & Christmas.
[...]Yes, a tough and competitive industry just got a little bit harder to get in to (even though by all accounts its a 'free-for-all'). Set this against rising union and guild problems for producers and employers (with strikes and demonstrations for example occurring through U.S.-based WGA, Canadian ACTRA, Dutch NVJ and British Bectu), it contributes to an overall sense of panic and problems at the major commercial media companies today.