Around this time of year, most people are taking this time to get ready to buy presents for their loved ones and look forward to cozy nights inside spent with family and their much-deserved break from work. Unfortunately, some families will be facing a lean holiday season this year, as layoffs echo throughout the working world.
The industry in particular that is experiencing downsizing this holiday season is online media. Digital media has been the focus of a recent round of layoffs for many prominent media companies:
Buzzfeed – 100 Workers
LA Weekly – 9 Workers
Oath – 560 Workers
ESPN – 150 Workers
Condé Nast- 80 Workers
While layoffs are one way for corporations to improve their bottom line and increase profits into the future, they are never good for workers, especially at this time of year.
Here are some resources for laid off workers from the U.S. Department of Labor:
There are also laws that govern the handling of layoffs by companies, including the WARN, or Worker Adjustment and Retraining Notification Act that was enacted in 1988. You can read the full text of the law here.