Annual job cuts in the media industry in the U.S. 2000-2023

In 2023, over 21,000 job losses were accounted for in the U.S. media industry, up by 467 percent compared to year prior. The media industry in the United States has been deeply impacted by the pandemic and the following inflation, resulting in an increasing number of layoffs. While about 10,000 job cuts in media were reported in 2019, that value had tripled the following year.