Media Chinese International Ltd, a Malaysia-based media group, announces a 44% staff reduction to cut rising publishing costs, affecting nearly 800 employees.
The company plans to leverage AI to monetize digital content and further reduce costs.
This move highlights the ongoing challenges in the media industry.
“In a fresh blow to the tech and entertainment industries, Pixar, a unit of Walt Disney Co., told the state’s labor agency that it would cut 181 jobs in Emeryville.”
#HotDocs is expected to publicly announce the #layoffs and closure of its #TedRogersCinema on Wednesday afternoon, changes which it says are necessary "to address urgent #financial challenges."
⚡Tesla's Supercharger Changes Tell the EV Industry: Fend for Yourselves
— Business Insider
"I got a bounce from every email address," said Andres Pinter, a co-CEO of Bullet EV Charging Solutions, which has about a dozen projects underway for Tesla. Other contractors, he said, may be in trouble if they don't have non-Tesla projects to fall back on."