Univision Shaken by Layoffs: What it Means for Latino Media in 2024 (2024)

Univision Shaken by Layoffs: What it Means for Latino Media in 2024 (1)

MIAMI - After weeks of rumors, Univision laid off around 200 employees in several departments, including production, sports, digital, and communications, among others, including on-air personalities.

This move by Univision, a dominant force in the Hispanic media market and the leading Spanish-speaking TV network in the United States, was preceded by a similar decision by Telemundo in December and marks a significant shift in the media entertainment landscape.

"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," said TelevisaUnivision in a statement sent to the Latin Times. "As a result, TelevisaUnivision has made the difficult decision to eliminate a small number of positions in the U.S. across various business units. We deeply value the employees affected and their contributions, and we will assist and support them during this transition."

Univision's recent controversy

Univision's decision comes in the wake of a major scandal involving an interview with former President Donald Trump that was perceived as soft by many. The interview, conducted by Enrique Acevedo, was criticized for its gentle questioning and limited follow-ups.

According to a report from The Washington Post, the interview was witnessed by Trump's son in law Jared Kushner, and several Televisa executives. Leading Mexican anchor León Krauze quitted shortly after in what some analysts saw as protest.

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Univision Anchor León Krauze has left the Spanish-language network after a recent “softball” interview with former President Donald Trump received harsh criticism, both within the network and from viewers. The Nov. 10 interview was “not conducted by a Univision journalist, but by Enrique Acevedo, an anchor from Mexican network Televisa,” The Los Angeles Times reported. The hour-long interview reportedly raised concern among Univision journalists after the former president “went on at length with incorrect statements that received little pushback.” The journalists reportedly felt like the company was “no longer challenging Republican politicians” as it should. As Mediaite reported: In one exchange, Acevedo brought up the fraud trial as a way to ask Trump about his 91 felony counts, and whether he’s ” concerned that you might win the Republican nomination only to be forced to drop out of the race?”Trump quickly denied he’d drop out, then repeated some familiar points — including the baseless claim that President Joe Biden has been directing those prosecutions — in a lengthy response riddled with falsehoods. Trump has a reputation for not being a fan of Univision. During the 2016 campaign, he had anchor Jorge Ramos physically removed from a news conference after the journalist aggressively questioned him about his immigration policy.But that changed following Univision’s 2021 merger with the Mexico-based Grupo Televisa’s media, content and production assets. The Washington Post recently reported that executives now running the company have a comfortable relationship with Trump.

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The interview and its fallout raised concerns among critics, who perceive that Univision is veering to the right, especially after its merger with Televisa in a $4.8 billion deal. The merger brought together two major players in the Spanish-language media, with Televisa known for its influential role in Mexican politics.

The mood in Univision was somber

The layoffs at TelevisaUnivision have significantly impacted its Sports division, affecting personnel across various locations including Miami, the national U.S. offices, and Mexico City. Among those who have been let go in Mexico are notable figures such as the former referee Marco Antonio 'Chiquimarco' Rodríguez, Félix Fernández, Xavi Sol, Alonso Cabral, and Anselmo Alonso. In addition to these sports personalities, Sirey Morán, a former winner of 'Nuestra Belleza Latina', was also among those dismissed from the company. These layoffs reflect the ongoing restructuring and challenges faced by media companies in adapting to the changing landscape of broadcast and digital media.

An Univision employee described the distressing scene at the company, telling the Latin Times: "Everywhere you looked this morning, there was somebody crying. The atmosphere is terrible. There is a rumor that there will be more layoffs tomorrow. It's so disturbing. Nobody feels safe."

A broader trend

The layoffs at Univision are part of a broader trend within the media industry, which saw significant number of job cuts in 2023, with over 20,000 layoffs reported. This represents the highest number of layoffs since 2020, affecting various sectors including magazines, public radio, trade publications, and cable networks. Major news organizations like CNN, Gannett, The Washington Post, NBCUniversal, and ABC News also faced significant layoffs​​​​.

Telemundo, another key player in the Spanish-language media and part of NBCUniversal, has also been affected by similar challenges. In December, the network carried out company-wide cuts across all departments, resulting in the loss of jobs for 60 to 70 people, including high-profile executives and on-air talent.

The recent layoffs in the Latino media and entertainment industry, particularly in Miami, have had a profound and devastating impact.

Meanwhile, TelevisaUnivision is concentrating its production efforts in Mexico for both reality shows and telenovelas. This move represents a significant realignment of their content strategy. However, they have made an exception for their non-fiction shows such as "Despierta América," "El Gordo y La Flaca," and "Primer Impacto," as well as their news programming, which will continue production, as required by the FCC for a broadcast TV network.

These changes illustrate the broader trends affecting the media industry, particularly within the Latino market. This realignment could have long-term implications for the type of content that will be available to Latino audiences and how it's produced and distributed. It also reflects the broader challenges faced by media companies in adapting to new consumer preferences and technological changes in the industry.

-This article was corrected to reflect Telemundo's directive regarding fiction production

© 2024 Latin Times. All rights reserved. Do not reproduce without permission.

Univision Shaken by Layoffs: What it Means for Latino Media in 2024 (2024)

FAQs

How many media layoffs in 2024? ›

Extrapolating January's data out across all of 2024, and the media sector could lose an estimated 10,000 jobs this year. Additionally, the data shows that 3,087 jobs were cut in the "digital, print, and broadcast" news subset of the media sector in 2023, the highest since 2018, excluding 2020.

What do layoffs indicate? ›

Key Takeaways. A layoff is an involuntary job termination, usually initiated by the employer as a cost-cutting measure. Workers who are laid off qualify for government-sponsored unemployment benefits, unlike those who are fired for cause.

Are there mass layoffs coming? ›

Last year's job cuts weren't the end of layoffs. Further reductions have begun in 2024. Companies like Tesla, Google, Microsoft, Nike, and Amazon have announced plans for cuts this year.

Why layoffs in usa? ›

"[T]hese layoffs are also driven by broader economic trends and a strategic shift towards increased automation and AI adoption in various sectors, though in most cases, companies point to cost-cutting as the main driver for layoffs," said Andrew Challenger, senior vice president of Challenger, Gray & Christmas, in a ...

What industry has the most layoffs? ›

In 2023, 240,000 jobs were lost in the tech sector alone. According to Revelio Labs, there was also an uptick in layoffs at the beginning of 2024. Employees in the construction, transportation and information services industries remain at the greatest risk of future layoffs.

What state has the most layoffs? ›

Montana is the state with the highest layoff rate in the U.S., seeing more layoffs than any other state between October and January, according to research from business company Upflip based on the latest available data on layoffs from the Bureau of Labor Statistics.

Who usually gets laid off first? ›

Seniority-Based Selection

The last employees to be hired become the first people to be let go. This makes sense logically. If they were recently hired, they probably haven't become as strong of organizational assets yet.

What companies are being laid off in 2024? ›

Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized startups have also seen a fair amount of cuts, and in some cases, have shut down operations altogether.

How to tell if layoffs are coming? ›

There's a sudden reduction in projects or workloads. If you notice a significant drop in your workload (or maybe that of your team), it could be a sign that layoffs are imminent. For example, if your department handles fewer client accounts or communicates a hiring freeze, it could signify financial strain.

Is the job market bad right now in 2024? ›

Are People Getting Hired in 2024? The simple answer is, yes. However, hiring is focused on several key industries where the demand remains high for qualified professionals. Job seekers experienced in the fields of technology, healthcare and green solutions are seeing most job opportunities.

Where are layoffs declining the most? ›

Total new applications for unemployment benefits, a proxy for layoffs, declined 85% in Virginia in 2022 from the prior year, the largest drop of any state in the country, according to an analysis of Labor Department data.

What triggers layoffs? ›

3 Common Reasons For Layoffs

Companies have different reasons for layoffs, but some come up more often than others. From my professional experience and research, three common situations are financial issues, investor pressure and eliminating certain roles or departments.

Who is laying off in 2024? ›

Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized startups have also seen a fair amount of cuts, and in some cases, have shut down operations altogether.

Will Google do more layoffs in 2024? ›

More layoffs are coming in 2024

In January, CEO Sundar Pichai warned of more Google layoffs in 2024. The upcoming cuts, he said in an internal memo to employees, are about "removing layers to simplify execution and drive velocity in some areas." The "role eliminations" would not reach the same scale as 2023.

Were over 500 journalists laid off in january 2024 alone? ›

When you tally the layoffs from companies like Forbes, Time, NBC News and more, a total of over 500 journalists lost their jobs in January 2024 alone. Since then, we've seen even more job cuts from news organizations like The Wall Street Journal, CBS News and massive layoffs at Vice Media.

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