CMIE claims huge job losses in media industry since 2016

The Media and Publishing industry has been found to have witnessed unprecedented job losses in the last five years. As per CMIE, the job losses are to the tune of about 78%.
 
In September of 2016, the industry employed over 10.3 lakh people in the country. As for August this year, the number stood at just about 2.3 lakh. 

Commentator Aunindyo Chakravarty writes, “That means 78% of media employees have either lost their jobs or left the industry in the past five years.”

Quoting the CMIE study, he adds that the big fall in the jobs began in the year 2018, with the pandemic accentuating the decline. 

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