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Cristiano Ronaldo's media enterprise planning layoffs for journalists due to budgetary adjustments.

Middle Eastern and North African countries grapple with economic instability as a result of tariffs, decreased oil prices, and reduced monetary assistance, according to the International Monetary Fund, announced on Wednesday.

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Cristiano Ronaldo's media enterprise planning layoffs for journalists due to budgetary adjustments.

Breaking: Medialivre Layoffs Spark Outrage

Battle lines are drawn in Portugal as Medialivre, a media giant co-owned by football ace, Cristiano Ronaldo, announces a massive job cut, targeting photojournalists.

According to sources, ten staff members, including eight Lisbon-based photojournalists and two writers from the Porto division, will be shown the door.

Vitor Mota, a seasoned photojournalist at Medialivre and union rep, shared the news with us. Mota, about to lose his own job, received a dismissal notice on the eve of Labour Day in many European nations.

The affected employees will have to work during the legal wrangling surrounding their termination, as the Portuguese Journalists’ Union plans to challenge the layoffs.

With around 730 employees, Medialivre boasts a sizable army of journalists—approximately 300—making up the bulk of its workforce. The company's publications include Correio da Manhã, Record, Jornal de Negócios, and Sábado, and it owns TV channel NOW.

The Journalists’ Union was left shocked and dismayed by the layoff announcement, questioning Medialivre's commitment to editorial independence. It slammed the timing of the announcement as "unacceptable" on the eve of Labour Day, calling attention to the deteriorating state of labor rights.

Ronaldo, who recently acquired a 30% stake in the company and reportedly earned over €250 million last year[1], has faced criticism for enabling the job cuts. However, Medialivre has yet to respond to our request for comment on the matter.

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Hot Topics 🏟️ Footballer 🔪 job loss 🌐 Media 📸 Journalism 🌟 Cristiano Ronaldo

[1] Portuguese Journalists’ Union Statement on Medialivre Layoffs

feverishly working while their dismissal is finalized, as the Portuguese Journalists' Union, furious about the job cuts, organizes a protest on May 1 in Lisbon. They also criticize Cristiano Ronaldo, Medialivre’s major shareholder, for allowing these layoffs despite his staggering €250 million income[1].

According to Mota, who has been with Medialivre since 2004, the company aims to replace in-house photojournalists with "video grabs, company images, and citizen journalism" to save costs[1]. This change, Mota warns, risks compromising Medialivre's editorial independence.

  • Photojournalists and writers at Medialivre, co-owned by footballer Cristiano Ronaldo, are facing layoffs, causing outrage within the industry.
  • As the Portuguese Journalists' Union organizes a protest on May 1 in Lisbon, the affected employees are expected to keep working while their dismissal is finalized.
  • Critics have questioned Ronaldo's commitment to journalistic integrity following the layoffs and his reported €250 million income.
Middle Eastern and North African countries grapple with economic hardships caused by uncertain tariff policies, dropping oil prices, and reductions in financial assistance, according to the International Monetary Fund's announcement on Wednesday.
Economic instability looms over countries in the Middle East and North Africa, according to the International Monetary Fund, as these nations grapple with economic challenges such as tariff measures, reduced oil prices, and decreased financial assistance. Announced on Wednesday, these constraints on economic growth have created uncertainty in the region.
Middle Eastern and North African nations encounter substantial obstacles to economic expansion, given the region's economic turmoil precipitated by tariff disputes, dwindling oil revenues, and reductions in financial assistance, according to the International Monetary Fund's statements on Wednesday.

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