The media slaughter continues. While reports came in last month that the bleeding in most print publications has slowed, and that the employment layoffs of dwindled somewhat in the media industry. There was some optimism, as faint as it was, and the media and publishing industries took heart.
But like most other things on this roller coaster ride known as the national economy, there is more bad news. Time Magazine filed notice with the United States Department of Labor that they were going to shed some 280 jobs from its company. According to the article in the New York Times, The notice is provided as part of the New York State Workers Adjustment and Retraining Notification Act,which requires employers to give advance notice of large layoffs. Apparently more layoffs may be coming.
After awhile, with all the news and media people on the street, I have to wonder just how many online publications will there be. And can one be more distinctive from another as those in the media business try to exercise their own designs as to what modern publications and new should be. Or will it all e the same-same. As consolation, we have seen some new media forms on the Internet. The Daily Beast, The Huffington Post, and Politico first come to mind. There are dozens of others.
For the more forlorn out there, take heart, the job market is heating up. As a company that conduct background checks in many major industries we do see some positive effects. There is some ramping up, some new hiring. Companies, if anything, are varying between those trying to cut costs by running fewer background checks, and those who believe they should drill down a bit further during the preemployment screening process. But in either even, they are hiring.
Still, as noted before, this is a roller coaster ride. I keeping hoping that we can all afford the ticket.
