Media companies continue significant layoffs across the industry

Media layoffs continue to impact the entertainment industry in 2025, as companies aim to cut costs amid ongoing economic pressures. The trend carries over from last year, influenced by the COVID-19 pandemic, Hollywood strikes, and recent wildfires affecting Los Angeles. Major companies have announced significant job cuts. For instance, Mattel will lay off 120 workers in March, and Disney plans to cut nearly 200 jobs in its ABC News Group and entertainment networks. Lionsgate Television is also reducing its workforce by 80 employees. CNN cut about 200 jobs in January, along with layoffs affecting several media outlets such as Allen Media Group and The Washington Post. More cuts are anticipated in other organizations, with estimates suggesting over 500 journalists have lost their jobs this year alone. Warner Bros. Discovery and Paramount have also confirmed layoffs. Warner Bros. has reduced staff after multiple rounds of cuts in recent years, while Paramount aims for a 15% decrease in its U.S. workforce. Other companies like Nexstar and TelevisaUnivision have announced job reductions as well. The situation reflects broader trends in the media landscape, where shifts due to streaming and artificial intelligence are reshaping employment. The overall mood remains uncertain, with many workers from various companies facing job losses.