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People Inc. Lays Off 195 Staffers Amid Media Upheaval
Original: People Inc. Cuts 195 Staffers Over “Rapid Changes” In Media # Business # BusinessNews # BarryDiller https://www. hollywo
People Inc., the publisher behind magazines like People, is cutting 195 jobs, citing rapid changes in the media industry. The layoffs were reported by The Hollywood Reporter and are linked to Barry Diller's media empire, as publishers continue to shrink payrolls amid declining print revenue and shifting audience habits. The move adds to a wave of media job cuts and is likely to fuel concerns about the stability of legacy magazine publishing.
Why now: Newly announced large-scale layoffs at a major magazine publisher highlight ongoing turmoil in the media industry.
People Inc.Barry DillerThe Hollywood Reporter
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