Russian media companies facing 20% redundancies

Russian media companies: Dwindling state and advertising revenues mean that, by the government’s own estimates, Russian journalists and other media employees are likely to be among the biggest casualties associated with the country’s  economic slump. Between 15% and 20% of Russian media employees are expected to lose their jobs,  with the largest state-run news agency TASS planning to lay 25% of its staff this month. Other state news organizations, including the pro-Kremlin broadcaster RT and news agency Rossiya Segodnya are looking at slashing expenditure by at least 50 %. Conditions in the media sector were last week described as “most alarming” by Alexei Levchenko, an aide to Deputy Prime Minister Olga Golodets. The Moscow Times