With Variety now under the ownership of Penske Media, we figured changes (that means staff cuts) were on their way. Well, unfortunately, those moves are coming in March. According to Deadline, “editorial firings” are being planned.
Even those who survive the cuts won’t have much to cheer about. One staffer told Deadline that Variety has been in a perpetual state of chaos since Penske purchased it:
There is complete editorial disorganization from the top down. No one knows if Variety is supposed to be a breaking news organization, an analytical publication, or some as yet undetermined hybrid. Tim Gray keeps pontificating to editorial that things are going to change and Variety will go in a new direction. But nobody knows what that means. They’re totally demoralized.