Entertainment Industry Enters Age of Austerity

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More than 260,000 global technology-sector employees were laid off in 2023 from 1186 companies, some 100,000 more than in 2022, according to data compiled by the website Layoffs.fyi. That compares to 154,336 employees made redundant in 2022.



Almost every major media tech company you can think of is shedding jobs so, rather than wondering which companies are laying off staff, it’s probably easier to ask, "Who’s hiring?"

The most recent is Amazon which has announced job cuts in Prime Video and MGM Studios divisions, together with 500 staff, a third of the total, from gaming platform Twitch.

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