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If You Work in Film and TV, Get Ready for Layoffs

  • Pitches for new shows languish as industry shifts gears
  • LA TV production is sliding and there are fewer jobs posted
A multiyear boom in film and TV production, driven by media companies racing to sign up subscribers for their new streaming services, has come to a painful halt.

A multiyear boom in film and TV production, driven by media companies racing to sign up subscribers for their new streaming services, has come to a painful halt.

Photographer: Apu Gomes/AFP/Getty Images

If you work in film and TV, the bad news is arriving almost daily.

Warner Bros. Discovery Inc. said this week it’s sacking 100 TV ad salespeople, Paramount Global acknowledged it may stop offering Showtime as a standalone streaming service, and Netflix Inc., an industry gravy train for the last decade, announced yet-another round of layoffs.