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Al Jazeera
Al Jazeera
Business
Andy Hirschfeld

Is the US media layoffs phenomenon the next housing crisis?

The Washington Post, which is owned by one of the richest people in the world, has also had layoffs [File: Michael Reynolds/EPA-EFE]

In the past few months, the media sector in the United States has gone through one of its worst rounds of layoffs in decades, with some voices within the sector even asking if journalism is a viable career path despite surging subscriptions at publications like The New York Times.

Most recently, outlets like Vice and the sports blog Deadspin were decimated in a massive round of job cuts. Vice ended its online publication, and Deadspin laid off its entire editorial team.

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