Advertising Slump During Virus Crisis Hits Media Jobs

REUTERS/Brendan McDermid/File Photo




August 7, 2020


Media redundancies, partial layoffs and managerial wage cuts are on the rise as advertising markets implode, despite customers showing an ever stronger appetite for information on the coronavirus crisis.

In Britain, The Guardian announced 180 redundancies in response to tumbling ad revenues, while The Economist magazine has said it is laying off 90 people.

US media have likewise not been immune to the market consequences of the crisis.

Conde Nast, publisher of the likes of Vogue, Wired and The New Yorker, has announced it is laying off 100 of its 6,000 staff.

Vox Media, home of The Verge and New York Magazine, has said 72 of its employees will be laid off or furloughed.

The New York Times has laid off 68 employees from its sales teams.


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Check this out from the province of Alberta…  This makes one think, is Covid  19 really a HOAX?

Image may contain: text that says 'Province of Alberta Covid Current Statistics w/ Serology Total Tested: As of: Tested Negative Negative Rate 685 297 July 31, 2020 674,454 Tested Positive 98.42% Serology Est. Total Deaths Case Mortality Rate 10,843 51,117 Total Cases 0.32% 61,960 Beds ICU Beds In Use ICU Beds Use In Use Beds Available Utililization Deaths By Age 69Over 80 139 1770-7 42 69 10 3.82% -49 30-39 Non-ICU Beds ICU Peak Total Beds 23 Under 19 115 Total Deaths 196 89.8% of deaths at Source: h two comorbidities'




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