Notice a TV layoff or buyout trend around here lately? And to think I just write about Texas TV. Here you are not even seeing the entire US picture of what is happening in television.
- More layoffs at KTRK 13 and ABC stations
- Two former Houston TV reporters laid off from CBS News
- Layoffs at Dr. Phil’s Merit Street Media
- ABC13 KTRK affected by Disney layoffs
- KPRC 2 loses 12 staffers in buyouts
- Six KSAT San Antonio journalists leaving
Sean McLaughlin, a vice president of news for Graham Media Group (KPRC 2's owner), wrote recently for TVNewsCheck that the outlook for 2025 is so bad that we are seeing hard decisions being made now.
"When you pull away the vast political spend, the weakening underbelly of our business is fully exposed," McLaughlin wrote. "For most stations, core advertising has been rough again this year. In any other year, this would have led to disastrous expense cuts. Fortunately, many companies were able to cover that stink thanks to the gift created courtesy of our national political dysfunction. The Olympics were also a smashing success this year.
"Next year, it’s all gone. When you add in continued cord-cutting, it paints us into a dark corner. Remember, with each cord cut, local stations bid farewell to precious revenue. What happens when all major revenue streams start to decline? We’re about to find out."
How do companies decide which employees to lay off? Have you ever wondered how they choose which employees to put on the layoff list?
The above video addresses the most common reasons employees lose their jobs. These reasons include performance, seniority, skills, departmental needs, cost-cutting measures, voluntary severance programs, and legal and ethical considerations.
