The entertainment industry in recently has been marked by a significant wave of layoffs, as major studios grapple with economic pressures, media consolidation, and the ongoing pivot toward streaming profitability. According to extensive reporting from industry outlets like Variety, The Hollywood Reporter, and Deadline, over 1,600 employees have been laid off from major TV and movie studios as of early June 2025. These cuts reflect a broader industry trend of cost-cutting, restructuring, and a strategic retreat from the aggressive spending of the “streaming wars” era, compounded by challenges like declining traditional TV viewership and post-strike recovery.
they are counting on AI to do all the work from now on. yes consolidation is part of it but AI integration is much of it too
i was tempted in to post it in goodnews or even the movie subverses but this will suffice i guess
registereduser -1 points 3 hours ago
I'll take things that will never happen for $1,000, Alex.