ABS-CBN to Cut 100 Jobs Amid Industry-Wide Revenue Decline 📉
Broadcast giant ABS-CBN announces layoffs of 100 employees due to ongoing ad revenue drops, reflecting the challenging state of the media industry.
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Former broadcast giant ABS-CBN says it is laying off another 100 employees as its revenues continue to decline. The layoff represents 3% of the company’s existing workforce.
Full story: https://www.rappler.com/business/abs-cbn-layoffs-ad-revenues-drop-industry-wide-2024/
Full story: https://www.rappler.com/business/abs-cbn-layoffs-ad-revenues-drop-industry-wide-2024/
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Published
Oct 17, 2024
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