Location: New York, NY, USA.
Based on news reporting.
Fox Corporation has recently laid off approximately 2,000 employees as part of a significant restructuring effort. This decision reflects the company's ongoing challenges in the media landscape, particularly in light of changing viewer habits and advertising revenues. The layoffs, which took effect on October 1, 2023, are expected to help streamline operations and reduce costs. While the company has not specified which departments were most affected, the cuts are seen as a necessary step to adapt to the evolving market conditions. This move has sparked discussions about the future direction of Fox and its ability to remain competitive.
Fox Corporation cut 2,000 jobs as of October 1, 2023.
That is roughly 19.6% of the 10,200 people Fox Corporation employs.
LayoffTalk has tracked 3 layoff events at Fox Corporation since January 2023, affecting a combined 2,405 employees.
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