Even The Economist Laying Off - Depression in Ad Industry Bleeds into Media Employment
Jane Genova: Speechwriter - Ghostwriter
AUGUST 7, 2020
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. The depression in advertising is affecting employment in media. For example, Barron's reports that even the prestigious, in a class by itself The Economist has laid off. It has cut 90 employees.