More than 3,000 editors, reporters and news industry professionals have lost their jobs in the past year, Bloomberg News reported. These include the recent layoffs at Los Angeles Times, Time and Sports Illustrated.
The report said that Time magazine slashed 15 percent of its staff, while Vogue’s publisher Condé Nast and The New Yorker had each cut five percent of jobs. Meanwhile, Forbes Media announced to cut three percent of its staff.
