Job cuts hit media firms amid economic slowdown, more layoffs coming
Amid the Big Tech layoff season, the media and entertainment industry worldwide has also been hit with job cuts as advertisers reduce spending amid the global economic slowdown.
Amid the Big Tech layoff season, the media and entertainment industry worldwide has also been hit with job cuts as advertisers reduce spending amid the global economic slowdown.
The hiring for chief experience officer (CXO) has decreased by a massive 93 per cent since October 2021, according to the annual insights report by RazorpayX Payroll, the business banking platform of Razorpay.
KLM had to restructure to continue functioning, to repay loans, and 5,000 jobs are to be sacrificed on this altar of recovery.
