Lucas Shaw, writing for Bloomberg:
Last year was brutal for the media business, as nearly every major entertainment and technology company fired employees. This year is shaping up to be more of the same.
More than a dozen major corporations across technology, finance and media announced major job cuts this past week, including Amazon.com Inc., Alphabet Inc. and Unity Software Inc. Universal Music Group, the world’s largest music company, plans cuts in the first quarter. Animation studio Pixar will let staff go in the second half. All told, media companies have fired more than 70,000 employees since the start of last year, according to Vivek Couto at Media Partners Asia.