NBC News Announces Dozens of Layoffs Amid Industry Turbulence
Affected employees to receive severance and opportunity to apply for new roles, as media industry grapples with widespread job cuts.
- NBC News is laying off dozens of employees due to weak advertising revenue and turbulence in the news media industry.
- Those laid off will receive 60 days notice, severance, and are eligible to apply for up to 150 roles the organization intends to fill.
- This follows a similar round of layoffs a year ago, and comes as other news outlets, including CNBC, Vox Media, Condé Nast, and The Messenger, have made similar cuts.
- The layoffs are part of a wider trend in the media industry, with 2,681 journalism job cuts in 2023, up 48% from 2022 and 77% from 2021.
- NBC News and MSNBC had a workforce of about 3,500 employees as of 2023.