Report: Laid-off Hollywood Executives Panic as Jobs Vanish — ‘This Is a Full-Scale Depression’

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Report: Laid-off Hollywood Executives Panic as Jobs Vanish — ‘This Is a Full-Scale Depression’
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Hollywood suits who have been laid off amid the recent rounds of studio budget cuts are worried that they are facing the prospect of long-term unemployment as the industry and overall economy show few signs of rebounding, according to a new report.

In addition, the industry is still recovering from last year’s strikes by Hollywood writers and actors.Some said they have sent hundreds of job applications and never got a response to the majority of them, not even from corporate HR. Meanwhile, some have been looking for more than a year while trying to make ends meet through consulting and part-time work.“With fewer jobs and more demand, the companies can get away with that.

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