In November 2023, there were layoffs in several media organizations. Vice Media announced fewer than 100 job eliminations as it consolidated two divisions. G/O Media shuttered Jezebel, a 16-year-old publication, laying off 23 people in the process. Recurrent Ventures, which owns a number of media properties, laid off a number of people last week, including 13 people at Popular Science (A publication that has been around since 1872). Bloomberg Industry Group, a Bloomberg affiliate, laid off around 14 employees. CNBC laid off around 3 percent of its staff. Conde Nast is said to have laid off 5 percent. In October, The Washington Post offered voluntary buyouts so that it could cut 240 jobs.

Axios reports that nearly 20,000 jobs have been eliminated across the media industry this year (based on this study by Challenger, Gray & Christmas).

Of course, this pales in comparison to the layoffs happening in tech, which is closing in on 240,000 jobs lost this November. But, anecdotally, it's a lot harder for journalists to land a well-paying job than someone in tech. I know of plenty of journalists who have had to pivot to more stable careers after a layoff. Job insecurity among those in the media profession is at an all-time high.