Cable news giant is under pressure from corporate parent Warner Bros. Discovery to slash costs amid fierce economic headwinds.
as the cable news giant is under pressure from corporate parent Warner Bros. Discovery to slash costs amid fierce economic headwinds.
CNN is expected to announce the next round of layoffs next month — which is heightening tensions in the network’s Midtown Manhattan headquarters.“It wasn’t clear from that town hall who they’re going to fire. We’re waiting for answers on that.” Licht said the layoffs will be announced in early December. Those who will be cut will get 60 to 90 days notice while eligible executives would receive January bonuses and severance.
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