IMG Media's production arm in London is laying off around 5% of its staff, amounting to 25-35 employees, due to challenging economic conditions and rising industry-wide production costs.
This decision reflects the broader trends affecting the sports production sector and is not attributed to advancements in technology or operational efficiency improvements.
These layoffs are part of a broader trend of job reductions across the entertainment industry, influenced by economic pressures rather than technological advancements.
It will also be interesting to see what happens from the DUB fallout with Steve Mcgov and his 40m shares not to mention Parlin Investments who is also another large holder with Linius. Exciting times ahead.
SIGNS OF LIFE, page-616
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