Mergers and acquisitions and the layoffs they typically cause appear to be taking a toll on the entertainment industry
As of the end of October, nearly 152 million Americans were working, the Bureau of Labor Statistics disclosed Nov. 1. But the entertainment and media sectors are not sharing the good times, as mergers and acquisitions and the layoffs they typically cause appear to be taking a toll. Hit hardest is sound recording and film, where jobs are off 4 percent year-over-year while overall U.S. employment has risen more than 1 percent.
Over at AT&T, the carnage is more muted given there was less overlap in job functions when the telecom giant scooped up Time Warner in June, 2018 for $85 billion: 13 months later, 20 ad sales jobs were reportedly slashed and there were about 50 layoffs in a variety of positions at HBO, Turner and Warner Bros. in October, for example.
Indeed, Bakish has been wishy-washy about his predicted $500 million in synergies, telling CNBC on Sept. 17, "it’s a cost-only number — It’s a synergy number that will drop to the bottom line … So that’s a bankable number ... Sure, we have higher numbers we’re looking at." Employees speaking on the condition of anonymity hear that as an ominous sign. "Of course there will be layoffs. We’re on pins and needles here," says one staffer.
The BLS says broadcasting jobs fell less than one percent year-over-year in October, with TV taking a hit while radio jobs actually rose a bit. The BLS hasn’t yet disclosed October figures for a few smaller categories related to media, though all were down in September 2019 relative to 2018, save for radio broadcasting.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
German manufacturing stuck in recession, factory job losses accelerate: PMIGermany's manufacturing sector remained stuck in recession in October as ne...
続きを読む »
No Job, No Sponsor—But a Top-10 Finish for Connor McMillanThe 23-year-old had a breakthrough in New York with a 12-minute PR. 💪 tcsnycmarathon
続きを読む »
New Law Requires Welfare Recipients To Submit Sweat To Prove How Hard They’re Looking For JobWASHINGTON— In an effort to ensure that those on welfare are actively seeking employment, a new law enacted this week will require recipients of federal aid to periodically submit vials of sweat for measurement by government officials. “We want to make sure that our resources are allocated only to those who are deserving of assistance, which is why all welfare recipients must now prove they have exerted themselves past the point of perspiration during their job searches,” said United States Department of Labor representative Elizabeth Bronson, who added that each month, in order to collect benefit checks, welfare recipients will have to wring out their sweat into official government vials before mailing them in for analysis. “These new stipulations will guarantee that people on welfare are out there every day hitting the streets trying to find employment, working up a good sweat, and not returning home at night until beads of perspiration are dripping off of them.” According to reports, Congress is also considering a law that would require those receiving food stamps to send in recordings of their family’s stomachs growling.
続きを読む »
Strictly's nastiest feuds and the snide comment that 'cost one star his job'From James Jordan's brutal clashes with Craig Revel Horwood to rumoured tensions between Kevin Clifton and Gorka Marquez, there's no shortage of beef on BBC One's Strictly Come Dancing
続きを読む »
3 Things You Need To Know About A November Job SearchIf you are launching or continuing a job search in the month of November, here’s what you need to know to be prepared for the changes that lie ahead.
続きを読む »
Australia job ads fall in October to 2.5-year low: ANZAustralian job advertisements in newspapers and on the internet fell in October ...
続きを読む »