Digital Media Bloodbath: 1,000 Jobs Cut Within Past Year

BuzzFeed: There’s blood in the pixels again. Since the beginning of last year, media companies with large U.S. digital operations have been shedding employees and even shutting down entirely. In total, more than 1,000 job cuts have been announced over the last 12 months, and industry watchers fear more to come. “The cracks are beginning to show, the dependence on platforms has meant they are losing their core identity.”