News and media layoffs keep piling up after one of the worst years since the financial crisis. (Read the list)

For a sector that has struggled for decades to find viable business models, the last year has been especially grim. Some experts say all hope is not lost.


Tech layoffs may be crowding the headlines, but the news business itself is likewise getting downsized.

The media sector keeps taking it on the chin, with fresh rounds of layoffs landing in early 2024. In January alone, hundreds of jobs were cut at numerous outlets, as the media sector at large continues to contract across the spectrum. Here is a roundup of some recently announced layoffs in the media space:

  • The Los Angeles Times laid off 20% of its newsroom in January.
  • NBC News and MSNBC laid off around 75 employees in January.
  • Sports Illustrated laid off most of its staff (around 100) after it failed to pay licensing fees to its parent company in January.
  • Time laid off 15% of its staff, or roughly 30 employees, in January.
  • Business Insider CEO Barbara Peng announced a staff reduction of 8% in January.
  • Forbes reduced its staff by 3% in late January.
  • TechCrunch laid off a handful of staffers and is going to end its paid subscription options.
  • The Messenger, a news startup, shut down entirely at the beginning of February after less than a year in operation, leaving more than 300 employees jobless.
  • The Wall Street Journal let 20 staff members go at its Washington, D.C., bureau in early February.
  • CBS News also cut 20 jobs at its D.C. bureau in early February, as a larger round of 800 cuts at Paramount.
  • The Intercept laid off 15 staff members, including its editor-in-chief, in mid-February.
  • NowThis cut half of its editorial team in mid-February, a loss of 26 jobs.
  • BuzzFeed sold one of its sub-brands, Complex, this week, and subsequently announced a 16% reduction in staff. This comes after shuttering its entire news division last year.
  • Vice Media will stop publishing on and will lay off hundreds, per recent reports.
  • WAMU radio, the NPR affiliate in Washington, D.C., said it will shut down the local news website DCist and lay off its staff.

Data supplied to Fast Company from Challenger, Gray & Christmas, a global outplacement firm that tracks layoffs and other data points, shows that the media sector (including news, film, television and streaming) shed 836 jobs in January.

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