Coronavirus Triggers Layoffs at Chinese OOH Firm (Billboard Insider)
Deal Street Asia reports that Xinchao Media, which places ads in and near elevators and escalators, laid off 500 workers. When people aren’t commuting to work they aren’t seeing ads. The company’s founder says: “to survive from the epidemic, we will have to slam on the brakes, retrench cashflows and reduce costs. […]
Wed, Feb 12, 2020 at 6:36 PM