CNN Cuts About 200 Jobs As Part Of A Further Shift To Digital Business
CNN announced a restructuring Thursday that includes some 200 layoffs, an accelerated pivot to digital operations and new TV roles for personalities like Wolf Blitzer, Jake Tapper and Audie Cornish. It’s the boldest revamp yet in the 18-month tenure of CEO Mark Thompson,
CNN Cuts 6% Of Workforce
CNN announced on Thursday that it is cutting about 6% of its total staff, or about 210 employees. CNN CEO Mark Thompson announced the job cuts in a memo to staff on Thursday. In the memo, Thompson noted CNN doesn't expect total headcount to fall "much" this year because the company plans to invest $70 million in new digital plans.
Both CNN and NBC News are planning layoffs this week as newsrooms transition away from linear TV toward digital audiences.
The job cuts come as CNN looks to rearrange its linear TV lineup and building out digital subscription products.
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