Covid-19 pandemic economy

Sinclair Broadcast Group Lays Off 5% of Workforce Due to ‘Profound Impact’ of Pandemic

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variety.com

Elaine Low Senior TV WriterSinclair Broadcast Group is shrinking its workforce by 5%, letting go of several hundred employees as a result of the “profound impact” of the pandemic, said the company in a statement.

The company employs over 9,211 people, meaning that approximately 460 staffers were affected by the downsizing.“The impact of the COVID-19 pandemic continues to be felt across all sectors of the economy, something that can have a profound impact on a company as diversified as ours,” according to a statement from a Sinclair spokesperson. “From local businesses and advertisers to distributors and partners, no component of our business’s ecosystem has been fully shielded from the impact of the global pandemic.

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