NEW YORK It may be little consolation, especially considering that Sony Pictures is reportedly preparing to cut 300 jobs, but layoffs in the media business don’t come close to the carnage in some other sectors.
In the first two months of this year, 7,453 jobs were lost at media companies. Even when combining that with the 2,183 jobs that were cut from entertainment/leisure, a sector that includes movie theaters and theme parks, it’s relatively mild.
For example, the hardest hit industry is retail, which slashed 72,727 jobs in January and February.
The data is based on disclosed job cuts and comes from a Challenger,
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