Tech, Media Job Cuts Rise Again in March

Technology companies announced plans to lay off more than 5,200 workers in March, as reorganizations and shutdowns hit the industry, news reports and state filings showed. The media industry was not far behind, announcing plans for more than 3,300 layoffs in the month, mostly due to ongoing cutbacks at Disney in the aftermath of its acquisition of 21st Century Fox’s entertainment assets.

The planned reductions in both sectors were sharply higher last month than in February. Those in the technology sector were due to service cutbacks, reorganizations, facility closures and other factors. In media, aside from cuts expected at Disney, notable layoffs include 92 at The Dallas Morning News commercial printing operations and 58 at The Arizona Daily Star.

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