Even The Economist Laying Off - Depression in Ad Industry Bleeds into Media Employment
Jane Genova: Speechwriter - Ghostwriter
AUGUST 7, 2020
For example, Barron's reports that even the prestigious, in a class by itself The Economist has laid off. Some would have assumed a job at The Economist would be secure, as long as performance met standards. With businesses reeling during COVID-19, they are cutting back or eliminating advertising. Consequently, the advertising industry is in freefall. That has even affected ad revenues for BigTech like Google.