Media War & Peace

Media War & Peace

THE LEVEL SET

Layoffs vs Payoffs

Evan Shapiro's avatar
Evan Shapiro
Oct 27, 2023
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Happy Friday War & Peaceniks! Let’s level-set.

[NOTE: I’ve created a ton of material on how to start and stay on the journey to finding your true superpower, and making that superpower the engine of the rest of your career: Here, here, here, here, here, here, here and here.]

How it started…

“The media industry has announced at least 17,436 job cuts so far this year, marking the highest year-to-date level of cuts on record, according to a new report from Challenger, Gray & Christmas.”

June 1, 2023

How it’s going…

“Barstool Sports announced a round of layoffs at the company, an estimated 100 employees - or about 25% of its staff - will be cut after founder Dave Portnoy said the company needs to ‘break even.’”

August 31, 2023

“Roku announced it would lay off 10% of its workforce – about 300 people – in an effort to cut costs. This is Roku’s third round of layoffs in under a year. Shares of Roku surged more than 10% on the news.”

September 6, 2023

“New York Public Radio’s president and CEO said in …

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