Category: In the News

This article was first publish by Digiday sibling WorkLife

As AI remakes virtually every industry and everyone’s way of working, laid-off professionals in Big Tech are discovering that their skills are in hot demand in some of the most unexpected places — and HR people searching for tech talent are reaping the benefits.

The tech industry continues reeling from layoffs. Last month, Meta followed through on its earlier promise by cutting about 5% of its staff, or 3,000 employees, while Google said it would offer voluntary buyouts to workers in its platforms and devices unit, which employs about 25,000 people.

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This week’s Media Briefing looks at six publishers’ 2024 earnings reports and latest earnings calls to look at how their businesses fared last year, compared to 2023. The gist is, most of them saw advertising revenue rebound and subscriptions continue to grow year over year.

• Some publishers see a rebound in digital ads and subscriptions after a tough 2023 (but not everyone)
• The Independent debuts AI-created news briefings with Google, Business Insider’s new editor is razor-focused on growing subscriptions, and more.

2024 (and Q4) in review

Looks like 2024 turned out to be the turnaround some publishers were hoping for after a year of doom and gloom in 2023.

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