Microsoft announced a reduction in its workforce as part of a larger “strategic realignment.”
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Newsletter startup Substack lays off 13 employees in reaction to an uncertain macroeconomic climate.
Netflix lays off 300 employees, representing about 3% of the company’s workforce.
Less than a month after acquiring HuffPost, BuzzFeed cuts 47 U.S. staff and shuts down Canadian outlet.
Bloomberg News is laying off 90 staff, primarily in editorial positions, to improve processes and accountability and to elevate editing.
Meredith Corporation will cut 180 jobs, including 130 from its local media group which owns 17 TV stations and 50 from its magazine group.
Gannett reported 31% growth year-over-year in digital-only subscribers for Q2 2020, bringing total digital-only subscribers to 927,000.
Subscription service Stitch Fix plans to layoff 1,400 California stylists due to the high cost of doing business in that state.
Business news site Quartz is laying off 80 employees and emphasizing its membership model as part of a larger restructuring.
Magazine publisher Condé Nast and digital news outlet BuzzFeed announced additional layoffs, furloughs and cost cutting measures due to the pandemic.
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