CNN Will Cut 6% of Current Staff in Digital Pivot; New Products, TV Lineup in Works
CNN will cut 6% of its current workforce as part of CEO Mark Thompson ‘s continuing efforts to build up the Warner Bros. Discovery outlet’s digital and broadband acumen as the audience flocking to its flagship cable network continues to wane. Many of his plans, telegraphed in a series of memos over recent months, have been expected.
CNN to cut jobs by 6% amid digital push
Warner Bros Discovery-owned CNN will lay off about 6% of its workforce as the TV news outlet continues to shift its focus toward a more digital-centric strategy, according to an internal memo seen by Reuters on Thursday.
CNN is cutting hundreds of TV jobs in a digital pivot. Read the memo CEO Mark Thompson sent to staff.
CEO Mark Thompson told staff the moves aimed to better serve audiences and "secure CNN's future as one of the world's greatest news organizations."
CNN To Launch New Streaming Service As It Sets Sights On Digital Future; About 200 Jobs To Be Cut In Restructuring
CNN is cutting about 200 jobs as it focuses on a digital future, the network announced today, while its CEO Mark Thompson unveiled plans for a new subscription streaming service. In a memo to staffers,
CNN lays off 6% of its workforce as CEO Mark Thompson announces $70 million digital transformation
CNN is laying off 6% of its workforce, or roughly 200 staffers, as the cable network aims to transform its newsroom into a digital-first operation. CNN parent company Warner Bros. Discovery (WBD) plans to invest $70 million into the network's revamp,
CNN Job Cuts Are A Painful Reminder Of Where TV News Is Heading
After months of speculation, CNN cut 6% of its TV news staff, while continuing to add talent focused on digital products.
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