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Journalism industry job cuts 2024 tracked in up-to-date list

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Journalism industry job cuts 2024 tracked in up-to-date list

2023 was a brutal year for the journalism industry, with at least 8,000 job cuts in the UK, US and Canada, according to Press Gazette’s analysis.

The tide continued in 2024, with around 1,000 people affected by closures and rounds of redundancies in January alone.

August saw several publishers making layoffs including Gannett, Time, Axios, Tampa Bay Times, NYPR and Hollywood Reporter.

As of 27 September, Press Gazette estimates there have been at least 2,500 jobs cut in the UK and US media this year so far.

All types of publisher features on the below list: from legacy newspaper brands to digital natives, and from commercial operations to non-profit newsrooms.

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Many of the cutbacks at the start of this year have affected US media outlets but April saw a ramp up in the UK with GB News, Open Democracy, the Mail and The Times all facing redundancies of various numbers alongside The Wall Street Journal stateside.

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Other UK job losses have come at Pink News, i-D Magazine and Design Week, and as part of international cuts to the likes of Vice and Business Insider.

Press Gazette will keep this page updated, with the latest additions at the top, as the definitive guide to job announced media job cuts made throughout 2024.

The list excludes any job cuts announced in 2023, which featured in our round-up of last year’s redundancies.

We will also add any significant hiring rounds to this page.

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September 2024

Scripps – More than 200 people

US broadcaster Scripps has told staff it plans to shut down its national linear TV news business, resulting in the loss of more than 200 jobs.

CEO and president Adam Symson told staff that Scripps News’ 24/7 national news programming will wind down from 15 November although it will continue to produce output for streaming and digital platforms with live weekday coverage.

“A core reporting team, based primarily in Washington DC, also will serve Scripps’ local stations’ news operations with national and international journalism,” he said.

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Symson explained that revenue in linear TV has not followed audience growth.

“Over the last two years, Scripps News’ live anchored coverage and documentary programming have grown its linear television audience, but the prospects for the necessary revenue growth haven’t materialised, despite our sales teams’ efforts. Scripps News’ current financial position is what has led me to the decision to scale back our approach to 24-hour news and over-the-air coverage.

“Amidst an already difficult linear television advertising marketplace, many brands and agencies have decided that advertising around national news is just too risky for them given the polarised nature of this country, no matter the accolades and credentials a news organisation like Scripps receives for its objectivity. I vehemently disagree, but it is hurting Scripss News, along with every other national linear and digital news outlet.”

Symson said about 50 Scripps News staffers will remain to cover local news and produce the streaming and digital content, prioritising “field reporting, our strong political coverage, investigative reporting and our digital and social media presence”.

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The national Scripps News network was launched in January 2023 through a relaunch of Newsy, which the company acquired in 2014 and later took it through several evolutions including a streaming network and a free 24/7 linear network.

Gamurs Group – 30 people

Gaming media publisher Gamurs Group has cut 30 staff, blaming “unprecedented shifts” in the industry and in particular “the release of Google’s helpful content update and the decline in Google search and Discover traffic across all websites”.

Read the full Press Gazette story here.

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Lee Enterprises – Around 20 people

US local news publisher Lee Enterprises is cutting ten roles from The Buffalo News, which has a newsroom of 55, according to the Investigative Post. The cuts include five buyouts or layoffs, and five vacant positions being eliminated.

Not long before that, The St. Louis Post-Dispatch laid off six members of staff while the managing editor and enterprise editor of the Missoulian was laid off and the Richmond Times-Dispatch cut two veteran sports writers.

Future – Unknown number

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Job losses are undergoing a consultation process at Future plc amid the closure of titles including iMore, 3D World, All About Space and Total 911.

The titles, plus some events and Future’s external video production unit, were deemed “low to no growth assets”.

Read the full Press Gazette story here.

Daily Mail US – Up to 20 people

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Up to 10% of the more than 200 editorial staff based at Mail Online in the US have been cut, with the publisher calling the redundancies “difficult but necessary”.

The publisher said it would “enable us to continue to invest in areas where we can grow our audience”.

The Sun US – Unknown number

A number of editorial staff at The Sun US have been cut. The number of jobs affected was not confirmed but Press Gazette understands more people were laid off than in the Daily Mail US cuts made on the same day (above).

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The publisher, which launched its dedicated US website for The Sun in late 2019, said it needed to “reset the strategy and resize the team to secure the long term, sustainable future for The Sun’s business in the US”.

News Corp’s recent financial results cited “lower digital advertising mainly driven by a decline in traffic at some mastheads due to platform-related changes”, although this was not referring to The Sun alone.

August 2024

Gannett – 74 people

Gannett announced on 26 August it planned to shut down its product reviews site Reviewed.

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State filings later revealed by Mass Live showed the company intends to lay off 74 employees based in Cambridge, Massachusetts – where Reviewed is headquartered – by 14 November.

A spokesperson for Reviewed told The Verge: “After careful consideration and evaluation of our Reviewed business, we have decided to close the operation. We extend our sincere gratitude to our employees who have provided consumers with trusted product reviews.”

They added: “The closure is a business decision influenced significantly by the fact that Reviewed relies heavily on search traffic and Google’s constant algorithm changes have degraded our current business model.”

Time – 22 people

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Time is cutting 22 jobs across editorial, technology, sales, marketing and Time Studios, chief executive Jessica Sibley told staff on 20 August.

In an email first shared by Semafor media editor Max Tani, Sibley said: “This decision was not made lightly, but it is necessary to build a sustainable company in order to further Time’s mission.”

She said Time is facing “significant challenges from heightened competition for decreased advertising budgets to drastic shifts in consumer behaviour, changes to search and social algorithms, and overall economic uncertainty”.

Sibley said Time will put more focus on the climate, AI and health “areas of leadership where we are having success today”.

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Meanwhile it is transitioning to a B2B revenue strategy with a focus on direct-sold advertising sponsorships and strategic partnerships as well as events.

The Hollywood Reporter – At least four people

The Hollywood Reporter laid off four people on Friday 16 August: executive managing editor Sudie Redmond, deputy editor Degen Pener, copy editor and film critic Sheri Linden and video editor Colin Burgess, according to The Wrap.

It follows a “small number” of editorial layoffs made in June (see below).

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All Your Screens reported in July that at that point The Hollywood Reporter had “lost 11 full and part-time employees since September 2023,” many of whom were long-term employees, “while adding 15 full and part-time employees over the same period”.

The TV website claimed The Hollywood Reporter is considering changing direction from covering the industry to a “more entertainment lifestyle direction”.

There have also reportedly been an unspecified number of layoffs on parent company Penske Media Group’s product and business development side.

New York Public Radio – Around 30 people

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New York Public Radio, which owns local news website Gothamist and public radio station WNYC, is aiming to lay off at least 8% of staff to help with a forthcoming $10m budget deficit, staff were told on Wednesday 14 August.

This is estimated to mean around 30 people, and staff are being asked to come forward as volunteers for layoffs before compulsory ones come into play.

It comes less than a year since New York Public Radio cut about 20 jobs and cancelled two podcasts.

NYPR president and chief executive LaFontaine Oliver told staff in a memo, reported by NYC news site Hell Gate, that: “While we have continued to control what we can control to avoid this moment—including the staff cuts in the fall of 2023, re-introducing a hiring hold, eliminating senior executive roles, forgoing annual increases in 2023, and keeping our paid internship program on hold—it hasn’t been enough to outpace increased expenses and declines in revenue.

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“Our deficit continues to climb, and with our Q4 reconciliation complete and the books closed on FY24, we are now projecting a deficit for FY25 that is on course to once again reach more than $10 million by the end of the year.”

Oliver made the point that NYPR is not alone in this difficulty, saying: “For profit, nonprofit, and public media outlets alike are continuing to sustain losses wrought by declines in advertising, shifting audience behaviors, disruptions in the tech space, stubbornly high interest rates, and overall uncertainty in the markets.”

He said advertising at WNYC and classical music station WQXR has seen a “rapid decline” while “competition for philanthropic support is stiff, not only from our peers in nonprofit news outlets who are accelerating their pursuit of these same dollars in the face of increased challenges. Membership, long the hallmark of the public media model, is being strongly impacted by shifts from legacy media to digital platforms.”

Axios – About 50 people

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Axios is planning to lay off about 50 people, or 10% of the company, it told staff on Tuesday 6 August.

In a memo leaked to The New York Times, chief executive Jim VandeHei said: “We’re making some difficult changes to adapt fast to a rapidly changing media landscape.”

He broke the news of the 50 positions being cut in an Axios smart brevity style “why it matters” section, explaining it was “to get ahead of tectonic shifts in the media, technology and reader needs/habits.

“This is a painful but necessary move to tighten our strategic focus and shift investment to our core growth areas.”

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VandeHei said Axios will grow revenue and audience year-on-year in 2024 but “we need to stay steps ahead of changes unfolding fast across American media”.

VandeHei took full responsibility for the move, saying: “This decision is mine. It’s difficult to make, but exponentially more difficult for our departing colleagues. This isn’t a reflection on anyone’s work – it’s because of changes in the media business. If you’re understandably upset by the decision, please direct your frustration at me.”

He also described now as “the most difficult moment for media in our lifetime,” pointing to “shifting reader attention and behaviour” across platforms.

He added: “AI is pushing us to a technological inflection point where models can summarise news, at the same time Facebook, X and search are faltering as reliable traffic standbys.”

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VandeHei promised “thoughtful severance packages” and said the last day for most laid-off employees would be Friday 9 August.

Tampa Bay Times – 20% of payroll (potentially up to 50 people)

Tampa Bay Times, a for-profit news title owned by the non-profit Poynter Institute that has won 14 Pulitzer Prizes, has told staff it wants to reduce its payroll by 20% and is offering buyouts.

The newsbrand has about 270 full-time employees, of whom 100 are in the newsroom. They were told layoffs will follow later in August if targets for savings are not met.

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Chairman and CEO Conan Gallaty told staff he is cutting his pay by 20% until the end of the year while other senior executives are taking temporary pay cuts of 10%.

He added: “While sharing this news as we mark our 140th anniversary is disappointing, we are committed to ensuring the Times can continue its dedication to robust local journalism.

“I am confident we will emerge from this challenging period as a more focused and sustainable company.”

National World – Five people

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Five jobs are expected to be cut at The Scotsman: three specialist writers, a feature writer and a business reporter.

A National Union of Journalists organiser said: “National World management claim they are trying to turn the company into a ‘premium content business’, but these job cuts fall on those same talented, award-winning journalists who consistently produce excellent Scottish journalism.”

Read our full story here.

July 2024

Newsquest – Two people

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Two journalists have been made redundant from We Are Sunderland, a dedicated site for news and analysis about Sunderland FC launched by Newsquest’s The Northern Echo in January.

One of the two journalists affected, Matty Hewitt, wrote on X: “Bitterly disappointed to say I’ll no longer be working for @WeAreSunlun after being made redundant… We’ve given it our all since launching back in January and covering #SAFC again has been a blast. It’s never dull.”

Newsquest told Hold The Front Page the site was not closing but did not share details about how it would operate going forward.

On Thursday 25 July, the day after Hewitt’s post, the We Are Sunderland X account told users: “Make sure you subscribe to our YouTube channel for free to stay up to date with all the latest #SAFC news and podcasts.”

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Newsquest previously launched two other dedicated club websites, Rangers Review and The Celtic Way both in Glasgow, which have seen success and built subscriber bases.

Portland Tribune – Unknown number

Carpenter Media Group laid off an unknown number of staff at former Pamplin Media Group titles in Oregon which it bought a month earlier. The titles included the Portland Tribune and about two dozen other newspapers.

BDG – Nine staff

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Bustle Digital Group (BDG) is laying off nine people, Adweek reported on 12 July.

The editors in chief of Romper and The Zoe Report were reportedly among those affected amid a consolidation of BDG’s parenting and lifestyle units.

More layoffs are expected to follow in the commercial teams.

LAist – 21 staff

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LAist, a nonprofit newsroom that also houses Los Angeles radio station KPCC-FM, has cut 21 staff through layoffs and buyouts, The Wrap reported on 11 July.

The organisation’s chief content officer Kristen Muller told staff in a note in May that the cuts were aimed at lessening a $4-5m budget shortfall predicted for the next two years.

“Our efforts to reach and engage people on digital channels are succeeding. But the revenue is not following pace,” Muller wrote.

LAist earlier cut 12% of its workforce in June 2023.

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CNN – Around 100 jobs

CNN chief executive Mark Thompson told staff on Wednesday 10 July that the organisation will cut around 100 jobs, equivalent to approximately 3% of its total workforce.

As well as the layoffs, Thompson explained some of the changes he plans to make at the organisation, saying he wants a subscription offering up and running before the end of the year, that the newsroom will be reorganised to integrate CNN’s domestic and international operations, and bringing more video products to the web. The Hollywood Reporter published Thompson’s letter to staff in full.

The cuts come a year and a half after the last round of major cuts at CNN under the tenure of previous chief executive Chris Licht.

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Carpenter Media Group – 62 people

Carpenter Media Group has laid off a reported 62 people across local news publisher Sound Publishing, which it bought months earlier.

Reports from March indicated Sound Publishing parent Black Press had about 1,200 employees in the US and Canada. The acquisition represented Carpenter’s first move outside of the South East US and Texas.

The Everett Post, a rival to Everett Herald which was one of the affected newspapers, reported on 5 August Herald staff went on a two-day strike and while the company “refused to spare any jobs” they secured ” optional buyouts, increased severance packages and raises for remaining staff”. Ultimately 12 positions at the newspaper were cut, described as roughly half the newsroom.

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The cutbacks reportedly amounted to 25% of staff in Washington State, a stronghold of Sound Publishing.

June 2024

The Daily Beast – At least 25 people

The Daily Beast has implemented voluntary buyouts accepted by 25 unionised staffers, or almost 75% of union members in the newsroom.

According to The Wrap those taking buyouts include media reporter Justin Baragona, political investigations reporter Jose Pagliery, senior national reporter Pilar Melendez and senior reporter Emily Shugerman. The outlet reported that senior staffers are heavily represented in the departures.

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A further round of layoffs for non-unionised journalists is expected to follow.

A Daily Beast spokesperson said: “With such a generous severance offer, we anticipated a large number of employees would take the voluntary buyout. We are not at all surprised.

“These numbers allow us to move forward with our plan to secure the financial future of the Beast and rebuild a newsroom that will thrive in the current landscape. It’s always difficult when dedicated employees choose to step away. We thank them and wish them the best in their future endeavors.”

Evening Standard – 150 jobs

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About 150 jobs are expected to be cut as a result of the Evening Standard’s planned closure of its daily newspaper edition and relaunch as a weekly title. A date for the changes and end to the daily paper has not yet been set.

The proposed redundancies reportedly include 70 editorial roles. The Standard newsroom is currently made up of around 120 full-time journalists, meaning it would be more than halved.

The cuts are also expected to affect more than 40 back office jobs and around 45 roles in its printing and distribution operations, according to The Telegraph.

The Hollywood Reporter – ‘Small number’

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A “small number” of editorial layoffs were made at The Hollywood Reporter on Thursday 13 June, according to The Wrap.

Those affected included longtime TV editor Lesley Goldberg and senior editor of diversity and inclusion Rebecca Sun.

Goldberg said on X: “To the next generation of THR ‘legacies’, continue to know your worth and do your best to find work-life balance and listen to the words of wisdom of those you respect most. As for me, I’m holding onto two of the most valuable things I’ve learned in my time at THR: good things will always follow bad situations, and Henry Winkler really is as wonderful as everyone who has ever met him says he is.”

Informa Tech – Unknown number

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Informa has closed two long-running B2B titles: Digital TV Europe and Television Business International.

Informa would not confirm the number of jobs affected but a farewell message from TBI editor Richard Middleton referenced several staff members including a deputy editor, senior sales manager, marketing chief art director and product manager.

Digital TV Europe staff at the time of the closure appeared to include an associate editor and a strategic account manager.

EO Media Group – 28 people

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EO Media Group, an Oregon-based publisher of 15 newspapers and two magazines, said it planned to cut back the publication of several titles in July and lay off 28 employees.

It also planned to cut the hours of 19 other staff members, Oregon Live reported.

May 2024

Wall Street Journal – At least 8 people

At least eight journalists have been laid off amid further cuts at the Wall Street Journal amid a change in how it covers US news “and how we write about the big subjects that grip America”.

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US news will no longer be a standalone coverage area and the East Coast, mid-US and West Coast regional bureaux are closing.

“Many” of the US news reporters are moving into other teams in the newsroom “in which they are natural fits: real estate moves to finance and economics; reporters covering state and local politics join the politics team; education moves to life and work. And some reporters will move to a new National Affairs team that will take on big topics – abortion, immigration, land use, guns, race,” editor Emma Tucker told staff.

The “speed and trending” desk is converting into a new breaking news desk and the layoffs come from this team as well as the US news team. NPR reported that at least eight people’s jobs are affected.

Journalists stuck post-it notes on the windows of Tucker’s office in protest at the job cuts.

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A WSJ spokesperson said: “Our editor-in-chief is reshaping our newsroom with an eye towards digital growth, subscription growth and high-quality journalism. While we recognise change can be difficult, it is necessary to ensure we have the right structure in place to support our objectives.”

April 2024

Reader’s Digest – Unknown number

Reader’s Digest magazine has closed in the UK, its editor-in-chief of six years announced on 29 April.

Eva Mackevic said: “Unfortunately, the company just couldn’t withstand the financial pressures of today’s unforgiving magazine publishing landscape and has ceased to trade.”

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The number of full-time jobs affected has not been confirmed. Mackevic told freelance writers waiting to be paid that they should be hearing from insolvency practitioners.

GB News – More than 40 people

GB News is aiming to cut 40 roles, initially via voluntary redundancies. Staff are being offered up to two months’ salary and possible payment in lieu of notice to entice them at the initial stage.

Update: The FT later reported that more than 30 volunteers came forward, meaning GB News cut its headcount from 295 to “well below 250”.

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Wall Street Journal – At least 11 people

At least 11 people have been affected in the second round of layoffs at The Wall Street Journal so far this year, including four producers on the visuals desk, two social media editors, two video journalists, a senior video journalist, a video producer, and one reporter, according to The Daily Beast.

It was reported that some of the video employees were laid off as a result of the end to a Google partnership that funded the development of Youtube channels based around individual journalists or subject matters.

Open Democracy – Around 10 people

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Several Open Democracy journalists announced on 10 April that they were being made redundant – including its head of news, news editor, political correspondent and two reporters.

Press Gazette understands the cuts are also affecting the commercial side of the non-profit organisation.

Chief executive Satbir Singh and editor-in-chief Aman Sethi said Open Democracy has been hit by “wider industry trends that include rising inflation and an uncertain funding environment” and which have been exacerbated by the end to some of its funding.

The business expects to return to a break even position once the redundancy round is complete.

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Mail Sport – Up to 15

Mail Sport journalists were told on 10 April of an upcoming “significant restructuring” as the brand’s transition to prioritising digital continues.

Mail Newspapers global publisher of sport Lee Clayton told staff, in a memo seen by Press Gazette, that there need to be “changes in how we are set up as a desk with a digital team leading the commissioning process, supported by newspaper experts who can publish print editions to tight deadlines.

“With that in mind, we will be embarking on a significant restructuring of the department over the coming weeks.”

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Press Gazette subsequently reported that the restructuring was believed to affect up to 15 sports staff including cricket correspondent Paul Newman, racing correspondent Marcus Townend, Spanish football reporter Pete Jenson and chief sports reporter Matt Hughes, as well as several production staff.

The Times – At least one person

Times chief football writer of eight years Henry Winter announced on 10 April he has been made redundant.

At the time of writing Press Gazette has not yet been able to confirm if Winter was the only person affected or if other roles have been made redundant at the same time.

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March 2024

i-D Magazine – 8 people

Redundancies have been made in the UK at fashion title i-D magazine, which was saved from a struggling Vice Media by model and entrepreneur Karlie Kloss in November.

Eight staff in editorial or social media were let go, as first reported by Puck News fashion correspondent Lauren Sherman and confirmed by Press Gazette.

The magazine is said to be moving towards a reliance on contributors and five of those eight people have accepted a contributor role, Press Gazette understands.

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Around 19 people remain on staff in the UK, including about eight in editorial and social plus the publishing director. There are plans for i-D to return to print in the autumn.

Kloss formed Bedford Media to run i-D. Bedford Media announced on 28 March it is also relaunching Life magazine under an agreement with Dotdash Meredith on a regular, but unspecified, schedule.

Deadspin – Around 11 people

G/O Media has sold sports blog Deadspin to European start-up Lineup Publishing.

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All staff have been laid off as a result of the sale as Lineup plans to go with a “different content approach”. Around 11 people are affected, according to Adweek.

A memo from G/O Media chief executive Jim Spanfeller, reported by Dailymail.com, said: “I do want to make it clear that we were not actively shopping Deadspin.

“The rationale behind the decision to sell included a variety of important factors that include the buyer’s editorial plans for the brand, tough competition in the sports journalism sector, and a valuation that reflected a sizable premium from our original purchase price for the site.”

He added: “Deadspin’s new owners have made the decision to not carry over any of the site’s existing staff and instead build a new team more in line with their editorial vision for the brand.

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“While the new owners plan to be reverential to Deadspin’s unique voice, they plan to take a different content approach regarding the site’s overall sports coverage. This unfortunately means that we will be parting ways with those impacted staff members, who were notified earlier today.”

Center for Public Integrity – Around 11 people

US non-profit news organisation the Center for Public Integrity, founded in 1989, reportedly laid off staff on 8 March.

The Center’s union said 11 people were being laid off, “more than half” the union’s unit. The New York Times later said less than half the overall staff were affected.

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The NYT reported about a week earlier that the newsroom fell about $2.5m short of its budget goal of around $6m in 2023 and it was considering merging with a competitor or shutting down.

TalkTV – Unknown number

An unspecified number of redundancies were expected at TalkTV as News UK pulled the plug on its linear TV format to focus on cross-platform video content.

Update: TalkTV staff later began tweeting about their redundancies with TalkTV’s last day on linear on 26 April.

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February 2024

Cord Cutters News – Three people

Cord Cutters News, a US-based website centred on streaming services and devices and largely funded by affiliate links, has laid off three people.

Editor-in-chief Roger Cheng announced on 23 February he and two reporters were leaving after their positions were “eliminated amid the company’s shift in focus to Youtube”.

“I had fun learning about the ins and outs of the streaming world, and proud of some of the bigger stories I wrote,” Cheng said.

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The site’s owner Luke Bouma, who launched Cord Cutters News ten years ago, wrote on the website on the same day that they plan to “give a renewed focus on helping people know all their options to save money on TV, phone, and related product and service reviews” and “focus more heavily on our YouTube channels, including our main Cord Cutters News channel and our second channel The Breakdown with Luke, where you can find reviews of a range of products”.

WAMU – 15 people

Washington DC’s NPR affiliate WAMU is laying off 15 people and shutting down local news site DCist, Axios revealed on 23 February.

Ten new positions are being added at the same time as it invests in and priorities audio.

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Chief content officer Michael Tribble told Axios: “We feel like this is the best way for us to engage and build loyalty.”

Vice – ‘Several hundred’ people

Vice told staff it was “eliminating several hundred positions” on 22 February and will no longer publish content on vice.com.

Vice chief executive Bruce Dixon said in a memo it was “no longer cost-effective for us to distribute our digital content the way we have done previously” and they will instead “look to partner with established media companies to distribute our digital content, including news, on their global platforms, as we fully transition to a studio model”.

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Engadget – Ten people

Yahoo-owned tech site Engadget is laying off ten people and restructuring into two teams: “news and features” focusing on traffic growth and “reviews and buying advice” reporting to commerce leaders.

Editor-in-chief Dana Wollman and managing editor Terrence O’Brien announced that they were among the departures. Wollman noted: “To its credit, Yahoo has a decent severance program.”

A spokesperson told The Verge on 22 February: “Engadget has played a vital role in tech journalism for 20 years and we’re confident that these efficiencies will support future growth and set us up for the long-term as we continue to deliver the best experience for our readers.”

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Buzzfeed – 16% of staff (possibly up to 190 people)

Buzzfeed is planning to cut 16% of staff, Axios revealed on 21 February, making savings of $23m. The plan follows the sale of its entertainment brand Complex for $108.6m to livestream shopping platform NTWRK, after acquiring it for $300m in 2021.

At the end of 2022 Buzzfeed had 1,368 employees. It laid off about 180 people in April 2023 with the closure of Buzzfeed News, so these latest layoffs may have affected up to around 190 people.

Now This – At least 26 people

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US-based social media news publisher Now This made redundancies on 15 February, although the total is not yet known.

The journalists laid off included Mike Madden, who led the Now This Tiktok team, senior writer PJ Evans, and senior producer Jasmine Amjad.

The Now This journalists’ union said 26, or 50% of their members, had been affected.

The Intercept – 15 people

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US investigative non-profit The Intercept, which was co-founded by Glenn Greenwald, laid off 15 people on 15 February. Editor-in-chief Roger Hodge left in the changes.

A memo to staff said it was “facing significant financial challenges” like other media outlets and needs to make changes to become sustainable.

It said: “With the board’s approval, the leadership team has a plan that we believe paves the way for a more sustainable financial foundation for The Intercept so that we can continue to produce high-quality investigative journalism.

“We have also implemented other cost-saving measures, including significant salary cuts for the leadership team and the flattening of the management team, to minimise the impact as much as possible.”

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CBS News – Around 20 people

Around 20 people have been laid off at CBS News in Washington DC, New York and Los Angeles as part of wider cutbacks at parent company Paramount Global affecting 800 people.

The CBS News staffers made redundant reportedly include chief national affairs and justice correspondent Jeff Pegues and senior investigative correspondent Catherine Herridge.

Bustle Digital Group – 16 people

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Adweek has reported that seven editorial staff at Bustle Digital Group title Fatherly have been laid off and that the site will “significantly decrease” its output.

Adweek also revealed that nine full-time employees across the Bustle, Romper and Elite Daily brands were let go in January but this had not previously been reported.

Wall Street Journal – Around 20 people

Sixteen reporters and one columnist were let go in a shake-up of the Wall Street Journal’s Washington DC coverage on 1 February, according to the Daily Beast. An unspecified number of editors are also thought to have been affected.

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Editor-in-chief Emma Tucker told staff: “The new Washington bureau will focus on politics, policy, defense, law, intelligence and national security. Damian Paletta, our new Washington coverage chief, starts next week and will focus our efforts in these areas to deliver work that serves the readers and stands out from the competition.

“This means the Business team in Washington is closing as is the Washington-based U.S.-China team. Stories covered by these groups will be driven by various teams in the newsroom. We are also changing the editing structure in the bureau and are closing the D.C. News Desk; those editing functions will be handled elsewhere in the bureau or on the news desk in New York.”

Journalism job cuts in January 2024

The Messenger – About 300 people

Jimmy Finkelstein’s digital news start-up The Messenger abruptly closed on Wednesday 31 January, with many staff finding out from New York Times, Semafor and Axios reporting rather than management.

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Editor Dan Wakeford reportedly told staff he was “not in the loop” on Slack minutes before the channel shut down.

The website was wiped less than four hours later. Staff have spoken out about being left with no severance and no health insurance.

Tech Crunch – About eight people

Tech Crunch reportedly laid off about eight people on Monday 29 January, with Adweek reporting it plans to “refocus its coverage around the investors, founders and startups of Silicon Valley”.

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Tech Crunch is also winding down its paid subscription product, which first launched in 2019 and was rebranded to its current guise in 2021. It aimed to provide “advice and analysis to help startups” with interviews, newsletters, weekly coaching sessions, ad-free access to Tech Crunch, and more.

Altfi – Up to 15 people

London-based fintech news website Altfi announced on Friday 26 January it was closing down after ten years.

In a farewell note, the team told readers: “Whilst our purpose, journalism and brand following has never been in doubt, we have faced severe headwinds over the last 18 months.”

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The Evening Standard reported that Altfi listed 15 members of staff on its website.

Forbes – Less than 3% of staff (which could be up to 15 people)

Forbes staff were told on Thursday 25 January – the same day as union members were on their first day of a three-day walkout over contract negotiations – that it planned to reduced staff by less than 3%.

Forbes has 500 employees worldwide, according to its website, meaning the layoffs could affect up to 15 people.

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Forbes Media chief executive Mike Federle told staff: “Over the past few years, we’ve continued to find ways to diversify our business and revenue streams, and we’ve seen significant growth as a result.

“As we continue to position ourselves to fully align with our 2024 business strategy, we have had to reprioritize some resources so that our organization can meet those goals. These changes have resulted in the difficult decision to reduce staff in certain areas.”

Business Insider 8% of staff (which could be up to 70 people)

Business Insider told staff on Thursday 25 January it planned to make 8% of staff worldwide redundant.

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It came less than a year after the Axel Springer-owned title, which then had a headcount of 950 worldwide, laid off 10% of staff in the US.

Chief executive Barbara Peng told staff that while Business Insider “closed out last year [2023] with a plan in place, a clear target audience and a vision”, 2024 would be about “making it happen and focusing our company”.

“Unfortunately, this also means we need to scale back in some areas of our organisation.”

Time magazine – Around 30 people

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Around 30 people were laid off from Time magazine on Tuesday 23 January, including about 13, or 15%, of its union-represented editorial employees, according to CNN.

The union reported that the layoffs included the majority of staff at the publisher’s news publication for children, Time for Kids.

Time chief executive Jessica Sibley told staff: “We have worked to manage expenses in other areas of our business aggressively to minimize the impact of this decision on our employees. All of these actions have moved us considerably closer to being a profitable company, an achievement we must reach to realize Time’s full potential.

“While this was not an easy decision to make, it is the necessary step we must take in order to drive our business forward and improve our financial position as an organization.”

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Pink News – Nine staff at risk

LGBTQ+ publisher Pink News put nine roles at risk of redundancy in its editorial, brand and people teams. The roles at risk include news editor, entertainment editor, weekend editor, head of brand, and marketing manager.

The UK-based publisher blamed an “unpredictable financial year… which has necessitated strategic changes to our growth priorities”. The company is leaning into video, it said.

Los Angeles Times – 115 people

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The Los Angeles Times announced it was laying off at least 115 people, or more than 20% of the newsroom, on Tuesday 23 January.

The title’s owner Dr Patrick Soon-Shiong said the cuts were necessary because it could “no longer lose $30 million to $40 million a year without making progress toward building higher readership that would bring in advertising and subscriptions to sustain the organization”, the newspaper reported.

The Washington bureau, photography and sports departments and video unit were particularly hard-hit, it added.

Soon-Shiong has owned the Times for almost six years, after buying it from Tribune Publishing along with the San Diego Union-Tribune for $500m.

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It came just six months after Los Angeles Times cut 74 roles in the newsroom, or about 13%.

Mediahuis Ireland – Around 50 people

Mediahuis Ireland is seeking voluntary redundancies with the aim of cutting costs by €4m annually. Compulsory redundancies could follow if there is not enough staff uptake.

The publisher of newspaper titles including the Irish Independent, Sunday World and Belfast Telegraph, as well as regionals such as The Kerryman and Wexford Times told staff on Tuesday 23 January it was seeking to reduce headcount by around 10%.

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Around 549 people work for Mediahuis Ireland – 338 in journalism roles and 211 in areas like technology, HR and finance, according to the Irish Independent. Around 50 jobs are therefore expected to go, with 30 in editorial.

Chief executive Peter Vandermeersch told staff: “I am convinced that our strategy is the right one: to restructure our business to make this a leaner, more streamlined news organisation with the most efficient processes and systems possible, while continuing to produce the highest quality journalism and diversifying our revenues to build a sustainable future for our company.”

It comes less than a year after a previous round of voluntary redundancies. Its current headcount is already down by about 35% from when Mediahuis bought Irish news publisher Independent News and Media in 2019.

Sports Illustrated – Most, if not all, staff

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Most, if not all, of Sports Illustrated’s staff were laid off after the publisher’s failure to pay a licensing fee saw the licence revoked.

The exact numbers of job losses are unclear but it was a heavy hit to the 70-year-old magazine. The Sports Illustrated Union said it had been told of plans to lay off “a significant number, possibly all”, of its members, who work in editorial, on Friday 19 January. According to NPR, the union represented 82 Sports Illustrated employees, or 80% of staff.

Sports Illustrated owner Authentic Brands Group said it had ended its licensing agreement with The Arena Group, with Front Office Sports reporting this was because Arena missed a $3.75m payment three weeks earlier.

Authentic Brands Group bought Sports Illustrated’s IP for $110m in 2019 and soon began licensing it to Arena in a ten-year deal.

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Union members were reportedly given 90 days’ notice, during which time there is a chance the licensing deal is resolved, but non-union members were let go with immediate effect.

Update: Minute Media, which took over publishing Sports Illustrated in March, reportedly hired back more than 90% of editorial employees who worked for it under The Arena Group.

Design Week – Three people

Centaur Media closed Design Week on 19 January. Three editorial roles were lost as a result.

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The 38-year-old online magazine told readers that Centaur was shifting strategy to its “core audience of marketers, and focuses on training, information, and intelligence”. It had closed in print in 2011.

Pitchfork – At least 12 people

Conde Nast folded the operation of music website Pitchfork into men’s title GQ, with chief content officer Anna Wintour saying: “This decision was made after a careful evaluation of Pitchfork’s performance and what we believe is the best path forward for the brand so that our coverage of music can continue to thrive within the company.”

Pitchfork editor-in-chief Puja Patel left the company as a result on Tuesday 17 January, along with at least 11 other employees according to AP which reported that ten of those were journalists, leaving an editorial staff of eight.

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Pitchfork, which launched in 1996, had been owned by Conde Nast since 2015.

Univision – Around 200 people

Televisa Univision cut around 200 jobs at Univision, a Hispanic network broadcaster in the US, on Wednesday 17 January.

The company said in a statement: “The evolution of the media landscape has required us to implement efficiencies and cost-cutting measures to meet existing demands and in turn, strengthen our business for the future. As a result, Televisa Univision has made the difficult decision to eliminate a small number of positions in the US across various business units.”

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Cuts affected on-air personalities in news and sport as well as roles in departments like production, sports, digital, and communications.

NBC News – 50 to 100 people

Around 50 to 100 people were laid off at NBC News on Thursday 11 January, with a 60-day notice period and severance packages.

NBC News and its news channel MSNBC made a similar round of redundancies a year ago in January 2023, with about 75 people affected.

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The Messenger – Around 24 people

Digital news start-up The Messenger, which was launched by former owner of The Hill Jimmy Finkelstein in May last year, cut about two dozen jobs at the start of the year.

The New York Times said it was a cost-cutting measure as a result of dwindling cash reserves, blamed on a difficult advertising market.

Major journalism launches/new job roles in 2024

The Lever – Nine people – April

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US reader-supported investigative news outlet The Lever has expanded with the addition of nine journalists.

It began life as a two-person newsletter in April 2020 and now has a team of 19.

Managing editor Joel Warner said: “We’re thrilled that our reader-supported news outlet continues to grow and to attract high-caliber journalism talent that is breaking open huge stories week after week.

“This is a difficult time for the media industry, but our subscribership and our commitment to accountability journalism are making this expansion possible.”

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The new additions include a senior investigative reporter, senior enterprise reporter, three general reporters, a senior podcast producer, a contributing news designer, a social media and marketing producer, and an editorial fellow.

The Digital Frontier – 20 people – February

A new technology newsbrand, The Digital Frontier, is launching in London with a 20-strong team, of which nine are editorial roles producing a website, twice-weekly podcast and daily newsletter.

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Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our “Letters Page” blog

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Strictly It Takes Two hit with backlash minutes into live show as fans say same thing

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Strictly It Takes Two hit with backlash minutes into live show as fans say same thing


Strictly It Takes Two fans were not impressed as the ‘Friday panel’ returned to the BBC Two show, with one branding all three guests ‘abysmal’ in a savage swipe

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Business

Fukuyama’s prediction — from dream to nightmare

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Banker all-nighters create productivity paradox

Francis Fukuyama did say, as Edward Luce points out, that liberal democracy might end up as the caretaker of the museum of human history (Books, September 21). But his real prediction was that “the end of history” might be the beginning of something else: “Is not the man who is completely satisfied by nothing more than universal and equal recognition something less than a full human being, indeed, an object of contempt, a ‘last man’ with neither striving nor aspiration? . . . And might not the fear of becoming contemptible ‘last men’ lead men to assert themselves in new and unforeseen ways, even to the point of becoming once again bestial ‘first men’ engaged in bloody prestige battles, this time with modern weapons?”.

Fukuyama, perhaps more frequently criticised than read today, displayed imaginative prescience of the highest order already in 1992.

Andreas Wesemann
London N1, UK

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Money

Major supermarket makes change to 53 stores ahead of nationwide expansion next month

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Major supermarket makes change to 53 stores ahead of nationwide expansion next month

A MAJOR supermarket is set to make a change to 53 of its stores ahead of a nationwide expansion next month.

Iceland has partnered with the food delivery service Deliveroo as part of the latest expansion of its rapid delivery offer.

Iceland has joined forces with Deliveroo

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Iceland has joined forces with DeliverooCredit: Getty
Deliveroo will deliver from all Iceland stores from next month

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Deliveroo will deliver from all Iceland stores from next monthCredit: Getty

And the frozen food retailer is now offering the service at 53 of its UK stores.

Under the plan, the supermarket chain will expand to its 800 Iceland and Food Warehouse stores by the end of October.

More than 3,000 Iceland products are understood to be available to buy through Deliveroo.

You can nab Iceland’s full range of essentials, frozen and fresh groceries from the click of a button.

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Iceland says shoppers will be able to receive their orders within 25 minutes under the new partnership.

Products from the retailer’s brand connections such as Greggs and Myprotein are also available to order.

Amazon Prime customers in Manchester and London can also have Iceland food delivered through its third-party deal with Amazon.

Iceland and Food Warehouses already offer deliveries through Just Eat and Uber Eats and also offer a next day and same day delivery service itself.

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Justin Addison, Iceland Foods international and partnerships director said: “We’re dedicated to making sure our customers can enjoy our innovative, value-driven range of products, no matter where they are.

“This past year has been a real moment of growth for Iceland and The Food Warehouse, and we’re thrilled to add Deliveroo to our list of partners.

“More customers across the UK will now be able to easily access their favourite Iceland products from the comfort of their own homes.”

Four ways to save money on your weekly shop in Iceland

Suzy McClintock, Deliveroo VP of new verticals added: “We’re delighted to announce our partnership with Iceland, bringing thousands of fantastic products to customers across the UK in as little as 25 minutes.

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“As demand for convenient grocery delivery grows, this partnership means even more households can access their Iceland favourites quickly and easily via our app, including thousands of great value products.”

It comes as Iceland revealed its Christmas 2024 range and it includes a pigs in blankets Yorkshire pudding.

The big day is still a while away, but it’s always good to plan ahead for the merry season.

Luckily, Iceland has unveiled its Christmas menu which will be available in stores and online from November 12.

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The items will also be available to buy at Iceland’s The Food Warehouse.

Iceland‘s menu this year offers customers everything they’ll need for Christmas lunch or dinner, but there are some quirky items included as well in case you’re after something a bit different.

Shoppers will be able to feast on mini fish, chip and ketchup sarnies, prawn tacos and an unbelievable XXL pigs in blankets Yorkshire pudding.

The supermarket is also launching battered lobster tails, mini garlic and herb kievs and even some exclusive brand items like Harry Ramsden’s battered mini sausages.

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Also returning are familiar favourites such as the turkey crown, mince pies, Christmas pudding and of course all the trimmings like roast potatoes and veg.

Those who want to feast on the exclusive brand’s range like Galaxy, TGI Fridays and Harry Ramsden’s can do so with the mix-and-match deals like three items for £10.

Iceland’s head of development David Lennox said: “We’ve focused on perfecting the classics and making them the best and most delicious yet, as well as offering our customers a range of innovative and affordable new Christmas products which are sure to delight everyone at the dinner table.

“Iceland has some extra special products on offer this festive season.”

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How to save money on your food shop

Consumer reporter Sam Walker reveals how you can save hundreds of pounds a year:

Odd boxes – plenty of retailers offer slightly misshapen fruit and veg or surplus food at a discounted price.

Lidl sells five kilos of fruit and veg for just £1.50 through its Waste Not scheme while Aldi shoppers can get Too Good to Go bags which contain £10 worth of all kinds of products for £3.30.

Sainsbury’s also sells £2 “Taste Me, Don’t Waste Me” fruit and veg boxes to help shoppers reduced food waste and save cash.

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Food waste apps – food waste apps work by helping shops, cafes, restaurants and other businesses shift stock that is due to go out of date and passing it on to members of the public.

Some of the most notable ones include Too Good to Go and Olio.

Too Good to Go’s app is free to sign up to and is used by millions of people across the UK, letting users buy food at a discount.

Olio works similarly, except users can collect both food and other household items for free from neighbours and businesses.

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Yellow sticker bargains – yellow sticker bargains, sometimes orange and red in certain supermarkets, are a great way of getting food on the cheap.

But what time to head out to get the best deals varies depending on the retailer. You can see the best times for each supermarket here.

Super cheap bargains – sign up to bargain hunter Facebook groups like Extreme Couponing and Bargains UK where shoppers regularly post hauls they’ve found on the cheap, including food finds.

“Downshift” – you will almost always save money going for a supermarket’s own-brand economy lines rather than premium brands.

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The move to lower-tier ranges, also known as “downshifting” and hailed by consumer expert Martin Lewis, could save you hundreds of pounds a year on your food shop.

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Travel

Waterfront city that’s best visited in autumn has bargain fish sandwiches and affordable UK flights

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Izmir is also a short trip from the ancient site of Ephesus, which dates back to 10,000 BC

TURKEY’S third biggest city, Izmir, sees temperatures hovering around 25C well into autumn.

Combining culture and coastline, it is the perfect place to get your fix of sunshine.

Izmir is also a short trip from the ancient site of Ephesus, which dates back to 10,000 BC

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Izmir is also a short trip from the ancient site of Ephesus, which dates back to 10,000 BCCredit: Getty
Izmir's Kordon sea promenade at sunset is a sight to behold and one of Turkey's hidden gems

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Izmir’s Kordon sea promenade at sunset is a sight to behold and one of Turkey’s hidden gemsCredit: Alamy

Top that off with fabulous food and you’ve got an epic city break.

WHY SHOULD I VISIT?

OFTEN overlooked in favour of the capital, Istanbul, or other coastal towns such as Bodrum, Marmaris or Kusadasi, Izmir is something of a hidden gem.

It’s the gateway to the pretty Cesme peninsula, which juts out into the Aegean and is dotted with beautiful beaches (try Tekke, a stretch popular with families, near a string of hotels and apartments, or Alaçatı Körfezi, a shallow, protected bay which offers jet skis, banana boats, and windsurfing).

And if you love food, you are in luck. Fish and seafood restaurants line the waterfront, known as the Kordon, while you can taste a variety of snacks in the city’s bustling Kemeralti bazaar.

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Most sights are within easy distance from each other, but there’s an efficient public transport system, including bus and underground.

The Bilet 35 ticket can be bought for two, three, five or ten journeys, starting from just nine lira (20p).

STREETS MADE FOR WALKING?

IZMIR’S centre has several must-sees, all within walking distance of each other.

Start by strolling the picturesque Kordon, where you will see ferries regularly crossing the bay, and pass by Konak Pier, which was designed by French architect Gustave Eiffel. Here you will find several retail stores, as well as a handful of bars and restaurants.

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Beyond this is Konak Square, known for the distinctive marble and stone Clock Tower in its centre which dates back to 1901.

From here you can lose yourself in the maze of streets that make up the Kemeralti Bazaar.

Stalls sell everything from clothing to fruit and vegetables, and you will find plenty of souvenirs to take home, from glass tea sets to baklava and lokum (Turkish delight).

Don’t miss a swift ride up 56m to the top of the city’s “Asansör” — the word means elevator, and this one, which was first built in 1907, used to be powered by steam, like the one in Lisbon. You will get a fantastic view of the city from the top (free).

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ANYTHING FOR BUCKET LIST?

IT’S not in Izmir, but while you’re there, a trip to the ancient site of Ephesus is a must (£33pp, muze.gov.tr).

Less than 90 minutes’ drive away, the old city dates back to 10,000BC, and at various points, was ruled by the Greeks, the Romans, and the Ottomans.

Today you can still see what’s left of its inhabitants’ elaborate houses complete with mosaic floors, temples to gods and goddesses, and even a set of open-air, marble-topped public loos.

Pose for pictures next to the impressive 56ft-high remains of the Library of Celsus. Measuring 2,000 sq ft inside, it was one of the largest libraries in the Greco-Roman world.

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You will also want to snap some of the dozens of cats who consider this site their home.

The fish market in the Kemeralti Bazaar offers a wide range of seafood options, and there is a lot more on offer too

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The fish market in the Kemeralti Bazaar offers a wide range of seafood options, and there is a lot more on offer tooCredit: Alamy

WHERE SHOULD I EAT?

IF you are just looking for a snack, Kemeralti Bazaar has simple cafes which specialise in cheap and tasty fish sandwiches — a local favourite.

And look out for those selling kumru, a hearty, local sausage, cheese and pepper roll.

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You will also find street carts offering midye dolma, cooked mussels stuffed with rice and herbs, and served cold.

For more traditional Turkish food, try affordable Konyali Alsancak for kebabs and lahmacun (Turkish pizza made with mincemeat).

Or for a more romantic setting, Adabeyi on Konak Pier offers the chance to dine on anything from calamari to grilled sea bass as you watch the sun set.

Kordon's Konak Square is known for the distinctive marble and stone Clock Tower in its centre which dates back to 1901.

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Kordon’s Konak Square is known for the distinctive marble and stone Clock Tower in its centre which dates back to 1901.Credit: Getty

I FANCY A DRINK

FOR a tipple with a stunning outlook, head to the Skyfire bar and restaurant on the eighth floor of the Renaissance hotel, which offers a panoramic view across the Aegean.

WHERE SHOULD I STAY?

THE Swissotel Buyuk Efes Izmir is a smart, contemporary hotel close to the waterfront, featuring cool artwork and sculptures dotted around the grounds.

Or the nearby cosy Renaissance Izmir has rooms decorated with vintage, black and white photos of the city.

GO: Izmir

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GETTING THERE: Jet2 flies from Stansted to Izmir from £68 one way. See jet2.com.

STAYING THERE: Swissotel Buyuk Efes Izmir has double rooms from £120.

See swissotelbuyukefesizmir.com. The Renaissance Izmir has double rooms from £102 with breakfast. See marriott.com.

OUT & ABOUT: A three-hour walking tour of Izmir costs from 26€/£22pp. See withlocals.com.

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For more information see visitizmir.org/en.

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7 Worst States To Buy Property in the Next 5 Years, According to Real Estate Agents

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7 Worst States To Buy Property in the Next 5 Years, According to Real Estate Agents
SDI Productions / iStock.com

SDI Productions / iStock.com

There are many factors to consider when buying a home, and evaluating factors like cost of living, crime rate, climate change, local issues and property taxes can help you save money.

Whether you’re saving to buy a house, waiting for mortgage rates to fall or planning a big move in the next few years, researching the market now can help you decide where to invest later.

Check Out: 8 Places Where Houses Are Suddenly Major Bargains

Read More: How To Get Rich in Real Estate Starting with Just $1,000

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“While no one can predict the market with absolute certainty, the patterns we’re seeing now offer some valuable clues,” said Yawar Charlie, estates director of Aaron Kirman Group at Christie’s International Real Estate and cast member of CNBC’s “Listing Impossible.”

Based on current market trends, GOBankingRates spoke with experts who shared which states to avoid buying property in the next five years and why.

Earning passive income doesn’t need to be difficult. You can start this week.

California

Stunning scenery, a vibrant culture and near-perfect weather make California so appealing, but the affordability is an issue.

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“As a real estate broker in Los Angeles, I’ve observed some trends that suggest certain states might become less attractive for homebuyers over the next five years,” Charlie told us.

“It’s not just the high cost of living here that’s a problem. The state also struggles with issues like wildfires and droughts, which can make homeownership even more challenging and expensive,” he explained.

“Additionally, the tech boom, especially in areas like the Bay Area, has driven housing prices to astronomical levels, pushing many to seek refuge in more affordable states.”

Rachel Stringer, a Realtor at Raleigh Realty, added, “Demand continues to outpace supply, keeping inventory tight drastically.

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“This supply crunch, coupled with slow wage growth, raises affordability concerns over time,” she explained. “As costs rise faster than incomes, keeping up with mortgage payments could become increasingly difficult.”

Explore More: 5 Types of Homes That Will Plummet in Value in 2024

Florida

For many retirees, Florida is a sunny paradise, but one bad storm can quickly make things a nightmare.

“The state’s location makes it extremely vulnerable to hurricanes and rising sea levels driven by climate change,” Stringer told us. “Serious considerations include rebuilding costs, disruptions and escalating insurance premiums due to storm damage. Coastal properties may lose substantial value if they become uninhabitable due to rising sea levels.”

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Illinois

Known for its big cities and expansive farmlands, Illinois is a major manufacturing center for food, chemicals, rubber products and more.

According to Charlie, though, the state is in trouble:

“Illinois, and specifically Chicago, faces significant financial woes,” he said. “The state has some of the highest property taxes in the country, and Chicago is grappling with a high crime rate and budget deficits, leading to cuts in essential services and increased taxes. These financial strains make it difficult for residents to justify staying when they could find a safer and more financially stable environment elsewhere.”

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Louisiana

With its reputation for good times, delicious food and rich culture, Louisiana is a state people enjoy. However, according to Tony Mariotti, founder of RubyHome, you might want to rethink real estate investments there.

“Louisiana is highly susceptible to climate change impacts, such as hurricanes and flooding. These risks can lead to higher insurance costs and potential property damage,” he said.

“The state also struggles with lower job growth and economic diversification, making it less attractive for long-term investments. Infrastructure issues add to the challenges of property ownership here.”

New Jersey

New Jersey is another East Coast state you might steer clear of when buying property.

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“Besides the high property taxes, New Jersey is dealing with an exodus of major corporations, which impacts job availability,” Charlie explained. “The state also has some of the highest health insurance premiums in the country, adding another layer of financial stress for residents. Furthermore, the congestion and traffic, especially for those commuting into New York City, can be a daily frustration.”

New York

Another infamously high-priced state is New York, which Charlie revealed has major issues beyond the cost factor.

“Beyond the high property taxes and cost of living in New York City, there’s also the matter of aging infrastructure,” he noted. “The subway system, for example, has been notorious for delays and breakdowns, making daily commutes a headache. Plus, the pandemic has shifted many jobs to remote work, reducing the need to live in or near the city and prompting many to relocate to suburban or even rural areas.”

West Virginia

West Virginia is known as a coal country, but the industry is declining, which has  “economically devastated many parts,” Stringer said. “As jobs dry up, the population drains in these small towns, leaving little demand for housing. Homeowners may struggle to find buyers willing to pay a fair price.”

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This article originally appeared on GOBankingRates.com: 7 Worst States To Buy Property in the Next 5 Years, According to Real Estate Agents

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A simple antidote that will dispel the parenting blues

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Banker all-nighters create productivity paradox

Camilla Cavendish’s article “It’s not you — parenting really is becoming more stressful” (Opinion, FT.com, September 7) left me feeling disheartened. Yes, parenting can be incredibly stressful, all-consuming and downright difficult at times. In the months after childbirth the constant tiredness and disappearance of one’s social life are universal for any new parent.

And yet, as children grow up and become young adults themselves, I would wager that the vast majority of parents would see parenthood as one of, if not the most life-affirming, heartwarming and rewarding periods of their lives. Notwithstanding the setbacks that are almost inevitable along the path towards adulthood, little if anything can give a parent more joy than seeing their child learn, develop and grow up. Parents don’t need books telling them how to be a parent. They need to ensure that their children have time to play with their peers, time with their parents and also time alone.

In the UK, Kirstie Allsopp, a television presenter, found herself in the news recently, having been reported to social services for allowing her teenage son to go inter-railing. Any parents who spent time on social media debating this might care to consider whether that time could have been spent better with their children.

And finally, I dispute the assertion that “modern parenting is performative, and competitive”. Only if you let that be the case.

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Parents should lead by example and turn off the social media to which Cavendish refers a number of times in her article. Who knows — that might even answer the question in her final sentence as to why parents, as distinct from non-parents, now spend less time with their friends.

Jeremy Pennant
Hambledon, Hampshire, UK

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