For Variety VIP+ subscribers: Why the WWE-Endeavor deal will spark more media layoffs
officially in the books, the media industry can expect another wave of layoff headlines in the months following the completion of the merger. While it is typical following M&A, the combined company will have to restructure and eliminate redundant positions.
That being said, employment reductions from M&A-related restructuring are hardly the biggest contributor to the recent widespread layoffs. The number one reason cited for cutting jobs this year was “market/economic conditions” followed by “cost-cutting,” according to Challenger. Companies in all sectors are focusing on efficiency and reducing costs as economic uncertainty creates operating challenges.
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