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One Year After Mass Layoffs In Hollywood, Competition For Jobs Has Only Gotten More Fierce
Picket signs during the Hollywood strike pointed to possible scenarios.
(
Mandalit del Barco
/
NPR
)
Topline:
A year ago, three major Hollywood studios — Walt Disney Co., Warner Bros. Discovery and Paramount Global — made major staff reductions. What’s happened to the people who were laid off? How are they navigating the current job outlook?
Why it matters: Many of the people who lost their jobs last year were rank-and-file employees or mid-level executives. As one recruiter who specializes in entertainment notes, “Just because you were a fabulous executive during the last 10 years, doesn't necessarily mean you're the right person to be leading a company or division for the next 10 years.”
Waiting for the tide to turn: This headhunter expects things to improve next year or 2026, so many people are trying to live more simply to survive until then. If they are able to find employment, it’s often a significant pay cut, sometimes as much as 50%.
Sponsored message
Doing their own thing: Historically, starting your own business in Hollywood had a bit of a stigma attached to it. No more. Many laid-off executives are launching independent ventures to control their own destiny.
For more . . . read the full story on The Ankler.
This story is published in partnership with The Ankler, a paid subscription publication about the entertainment industry.
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But the game has changed: Congress voted to eliminate funding for public media across the country. Here at LAist that means a loss of $1.7 million in our budget every year. We want to assure you that despite growing threats to free press and free speech, LAist will remain a voice you know and trust. Speaking frankly, the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news in our community.
We’re asking you to stand up for independent reporting that will not be silenced. With more individuals like you supporting this public service, we can continue to provide essential coverage for Southern Californians that you can’t find anywhere else. Become a monthly member today to help sustain this mission.
Thank you for your generous support and belief in the value of independent news.
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