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CNN to lay off hundreds of employees, CNBC reports

  • Cnn is laying off around 200 employees, which is about 6% of its workforce, as announced by Cnn CEO Mark Thompson.
  • Cnn plans to unveil a new streaming service and a redesigned digital strategy, funded by a $70 million investment from Warner Bros. Discovery.
  • The new weekday show lineup will launch in March, featuring changes like Wolf Blitzer's show moving to 10 AM to 12 PM.
  • These layoffs and changes are part of Cnn's response to shifts in how audiences consume news, as noted by Thompson.
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