Sports Illustrated has laid off top editors, including executive editor Adam Duerson, among 17 workers amid the deepening global macro-economic conditions.
Duerson announced on Twitter that he has been asked to go.
"Folks, I'm done. I've joined the esteemed ranks of former @SInow editors -- a brilliant and vast group whose members have each deserved better, but who were PAID (!!) to think and dissect and parse and nitpick. Imagine that. It was surreal to the last second," he posted.
An internal memo obtained by The New York Post revealed that Ryan Hunt, the co-editor-in-chief who has been with the media house for 25 years, is retiring in March.
"We are saying goodbye to 17 colleagues and have created 12 new openings to reflect the new needs of the Sports Illustrated (SI) business," according to the memo.
"The changes announced here will allow us to continue to respond and address those evolving audience needs. It is critical that we invest in the growth areas of our brands, while maintaining the expectations of our existing and long-time consumers," the memo read.
Some of the other laid-off employees took to social media.
"I was laid off by Sports Illustrated... I came here as a nervous and awed 22-year-old fresh out of college and leave nearly 9 years later having grown immensely. I've worked with so many tremendous people and I'm really proud of everything we accomplished," tweeted college sports editor Molly Geary.
Features writer Alex Prewitt posted that "after seven and a half years of writing about the NHL, NBA, NFL, MLB, LPGA, World Cup, Olympics and more, I, too, have been laid off by Sports Illustrated this morning."
Sports Illustrated joins several media houses that have laid off hundreds of employees, including NBC News, MSNBC, CNN, Paramount Global, The Walt Disney Company and others.
Amid the Big Tech layoff season, the media and entertainment industry worldwide has been hit with job cuts as advertisers reduce spending amid the global economic slowdown.
Web development firm Wix lays off 370 workers in 2nd round of job cuts
Israeli cloud-based web development services company Wix has laid off 370 employees in a second round of job cuts, most of them in the customer service department in the US.
In August last year, the company laid off 100 employees, with the majority of those laid off working outside of Israel, reports Globes.
"With a heavy heart, I share with you that we have parted with 370 of our people. Most of them belong to our customer service organisation, and most of them are in the US. Their managers have already informed them about the difficult news, offered support, and explained the process that is expected to take place," Wix president Nir Zohar was quoted as saying.
"As you know the global economy has dramatically slowed down. We see this in all sectors ... As a result of which Wix and all its rivals have experienced a global slowdown, the significance of which is that we need to staff a smaller customer service," he added.
Meanwhile, US-based cloud communications company Twilio has announced to lay off about 17 per cent of its global workforce in a second round of job cuts amid cost-cutting measures.
In September last year, Twilio sacked 11 per cent of its employees - more than 850 people from its 7,800-strong workforce globally.
