Billboard and Indiewire were the most recent layoffs in the PMC-affiliated media organization on Friday, after two Billboard editors and a staff member were laid off, Billboard staffers told TheWrap. Meanwhile, two staffers at another Penske facility, IndieWire, have also been laid off.
The job cuts follow editorial cuts at other Penske entertainment venues.including variety Losing 4 staff this week, hollywood reporterThe cuts were made last week, as reported exclusively by TheWrap.
Billboard’s international editor Alexei Barrionuevo, Billboard Pro Team editor-in-chief Joe Levy, and hip-hop/R&B reporter Nina Rouhani have been fired. Barrionuevo and Levy both started working for Billboard in his 2019. Additionally, IndieWire TV editor Steve Greene tweeted On Friday, he announced that he had also been fired. Senior writer Jude Dry has also been fired at IndieWire, according to TheWrap.
A Penske representative did not respond to two emails or phone calls from TheWrap.
The staff said Billboard staff were informed at the office on Thursday that there would be layoffs due to poor performance in the past two quarters.
Billboard’s job cuts follow layoffs at other PMC-owned businesses over the past few weeks. hollywood reporter and variety. The former top THR editor told TheWrap last week that he expects to see more phased layoffs in the coming weeks.
As reported by TheWrap Job cuts were expected earlier this month after Penske Media publications missed revenue targets last quarter. A PMC insider told TheWrap that THR was 75% short of its Q1 2023 sales target, while sister site Deadline was only 30% of its Q4 2022 sales target. It is said that there was not.
Penske Media Corporation assumed control of both Billboard and THR in 2020. PMC also owns Rolling Stone and Deadline.
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