Channel 4 is preparing for over 200 job cuts due to the TV industry facing its most severe advertising downturn since 2008.
In a surprising move, ByteDance, the parent company of popular video-sharing app TikTok, has announced a significant round of layoffs in its gaming division. The decision comes as ByteDance aims to streamline its operations and focus on its core business.
In a recent statement, the CEO of Disney, Bob Chapek, has announced a new era for the renowned entertainment company following a series of job cuts. The decision to reduce the workforce undoubtedly brings about significant changes within the organization. However, Chapek emphasizes that this move is crucial to adapt to the ever-changing landscape of the industry and ensure long-term sustainability.