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ABS-CBN on top online, but work layoffs continue
The Philippine Star
|October 18, 2024
WIN SOME, LOSE SOME
They say you win some, you lose some, and ABS-CBN Corp. knows this too well, hitting a new milestone in expanding online reach, but letting go of about 100 workers due to cost constraints.
ABS-CBN yesterday celebrated hitting 50 million subscribers on YouTube to keep its lead as the most subscribed channel on the platform in Southeast Asia among media outlets.
However, ABS-CBN also suffered another setback in keeping its talents, as it laid off around 100 employees, or three percent of its labor force, to manage its costs.
This story is from the October 18, 2024 edition of The Philippine Star.
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