Buzzfeed employees work at the company's headquarters in New York January 9, 2014. REUTERS/Brendan McDermid
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The news business is on pace for its worst job losses in a decade as about 3,000 people have been laid off or been offered buyouts in the first five months of this year.Newspapers owned by Gannett and McClatchy, digital media companies like BuzzFeed and Vice Media, and the cable news channel CNN, have all shed employees.About 88,000 people worked in U.S. newsrooms in 2017, according to Pew Research Center.The cuts have created a competitive job market where the number of out-of-work journalists often exceeds the number of openings.Many had prior work experience at national media outlets such as CNN, Reuters and New York Magazine.The Los Angeles Times has added about 100 employees to its editorial staff since billionaire Patrick Soon-Shiong bought the newspaper last June.But for some journalists, even winning national awards is not enough to help make ends meet. More than two years ago, Chris Outcalt took a chance on a job at a startup that wanted to launch a technology news website.
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