CNN to lay off hundreds of employees, CNBC reports

Americans are watching fewer and fewer traditional television channels, and the media company CNN is in a particularly difficult situation, as it now plans to lay off hundreds of employees.

CNN Lays Off More Than 200 Employees As Company Pursues New Digital Strategy

The CEO of the cable news network made the announcement after the inauguration of President Donald Trump.

CNN readies for a shift away from TV

Take away from here and add to there. That’s the quick analysis of the big moves made Thursday by CNN. The network is slashing about 200 jobs from its traditional […] The post CNN readies for a shift away from TV appeared first on Poynter.

CNN Plans To Lay Off Over 200 Employees Amid Attempt To 'Modernise Business'

CNN will lay off nearly 6% of its overall workforce, approximately 210 people, as it refocuses the business on a worldwide digital audience, CNBC reported. In a memo to employees on Thursday, CNN CEO Mark Thompson said he didn't expect total headcount to decline "much" this year because the company intended to invest $70 million in new digital initiatives. "I know that whatever the total number of job losses, the impact on the individuals involv…

CNN Announces 200 Layoffs Amid Digital Shift

The layoffs are concentrated in CNN’s TV business, where ratings have tumbled as consumers cut off cable and seek other news sources.

US news giant CNN eyes 200 job cuts, streaming overhaul

New York, United States — US news network CNN will shed six percent of staff, some 200 people, the outlet said Thursday as it embarks on a major shakeup of staffing and programing amid a deluge of political news. The broadcaster, which said overall employee headcount could remain stable with new roles created, follows other