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Hollywood Jobs Collapse 42% From Peak as Productions Dry Up

Source: wsj.com

Hollywood's job market is shrinking dramatically, with production employment down 42% since its pandemic peak.
Fewer movies and TV shows are being made, leading to massive layoffs across studios and crews.
This collapse threatens the industry's long-term recovery and workers' livelihoods.

The Wall Street Journal reports on Hollywood's collapsing job market using new federal data that reveals a sharp decline in film and TV production employment. Major studios like Disney, Warner Bros. Discovery, and Netflix are involved, cutting thousands of jobs amid reduced output. The core finding is that the industry hasn't rebounded from pandemic lows, signaling deeper structural problems. It matters because it shows Hollywood's struggles could reshape entertainment and affect thousands of Am