CNN announced significant layoffs on Thursday, affecting approximately 6% of its workforce.
CNN announced significant layoffs on Thursday, affecting approximately 6% of its workforce. The company stated that these cuts are a necessary step to adapt to evolving audience consumption habits and secure its future in the news industry. Around 200 jobs were eliminated in this first phase of restructuring. CNN CEO Mark Thompson emphasized that the network's goal is to shift its focus towards platforms where audiences are increasingly engaging with news content.
He highlighted the importance of investing in digital growth and creating new job opportunities, supported by a $70 million investment from parent company Warner Bros. Discovery. Thompson acknowledged that the layoffs, while essential for long-term success, have a significant impact on the affected individuals and expressed regret for the human consequences. He pledged to provide support and assistance to those impacted by the changes. CNN cited declining ratings and a shift in viewer preferences towards digital platforms as key drivers behind the restructuring. The network has faced challenges in recent years, particularly in attracting younger audiences. The layoffs are expected to be followed by further investments in digital content and technology, aimed at strengthening CNN's position in the evolving media landscape
CNN Layoffs Restructuring Digital Growth News Industry
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNN to lay off hundreds of employees as post-inauguration transformation begins, sources sayBoth CNN and NBC News are planning layoffs this week as newsrooms transition away from linear TV toward digital audiences.
Read more »
CNN to Lay Off Hundreds as It Shifts Focus to DigitalCNN plans to lay off hundreds of employees this week as part of a restructuring that prioritizes a global digital audience. The cuts will help reduce production costs and consolidate teams, with some shows potentially moving to Atlanta for cheaper production. While the layoffs will impact various departments, they are not expected to affect top-tier talent under contract. CNN has received a significant investment from Warner Bros. Discovery to support its digital growth, which will see the hiring of data scientists and product developers in strategic areas.
Read more »
CNN to Lay Off Hundreds, NBC News Plans Smaller CutsCNN plans to lay off hundreds of employees as it refocuses on a global digital audience. The cuts will help lower production costs and consolidate teams. Certain shows may move to Atlanta for cheaper production. NBC News also plans cuts this week, though the number will be significantly smaller. Both news organizations waited until after the U.S. presidential inauguration to make the cuts.
Read more »
CNN to Lay Off Hundreds as Media Giant Shifts Focus to DigitalCNN is planning layoffs of hundreds of employees this week as part of a strategic shift toward a global digital audience. The cuts will impact various departments and production costs, with certain shows potentially relocating to Atlanta for more cost-effective production. The move comes as the media landscape evolves, with declining linear TV viewership and a growing reliance on digital platforms for news consumption. Meanwhile, NBC News is also planning smaller-scale layoffs.
Read more »
Washington Post Lays Off Business Staff Amid Low Morale and Financial LossesThe Washington Post has laid off a portion of its business staff, but the newsroom remains unaffected. The layoffs come as the newspaper faces financial challenges, including subscriber losses and declining traffic.
Read more »
Washington Post Lays Off Staff, Citing Transformation and SustainabilityThe Washington Post is implementing layoffs across its business divisions, impacting less than 100 employees, or 4% of its workforce. The newsroom remains unaffected. The company attributes these changes to its ongoing transformation and efforts to build a sustainable future.
Read more »