A new report has revealed that CNN plans to lay off hundreds of employees as the company refocuses its business model.
The layoffs come as CNN looks to change its TV lineup and build its digital subscription products.
In total, CNN has 3,500 employees worldwide.
CNN isn’t the only network planning to lay off employees; NBC News is also looking to cut dozens of jobs.
CNN and NBC News announce layoffs in the new Trump era.
They have lied to their audiences for so long, that they no longer have credibility. When the ratings decline, so does advertising dollars.
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— Wall Street Mav (@WallStreetMav) January 22, 2025
Per Yahoo Finance:
CNN, a unit of Warner Bros Discovery, plans to lay off hundreds of employees on Thursday, as it refocuses the business around a global digital audience, CNBC reported on Wednesday, citing people familiar with the matter.
ADVERTISEMENTThe job cuts come as CNN looks to rearrange its linear TV lineup and build out digital subscription products, CNBC said, adding that the move will help CNN lower production costs and consolidate teams.
Some shows produced in New York or Washington may move to Atlanta, where production can be done more cheaply, the report added.
NBC News, owned by Comcast, is also planning job cuts later this week, according to the report. While there is no exact number, the layoffs will be well under 50.
Comcast and Warner Bros Discovery did not immediately respond to Reuters requests for comment on the report.
🚨BREAKING: Like CNN, NBC is also planning layoffs this week. pic.twitter.com/bjit7bMNU7
— Benny Johnson (@bennyjohnson) January 22, 2025
Per CNBC:
Warner Bros. Discovery’s CNN plans to lay off hundreds of employees Thursday as it refocuses the business around a global digital audience, according to people familiar with the matter.
The layoffs come as CNN is rearranging its linear TV lineup and building out digital subscription products. The cuts will help CNN lower production costs and consolidate teams, said the people, who spoke on the condition of anonymity to discuss nonpublic changes.
Certain shows that are produced in New York or Washington may move to Atlanta, where production can be done more cheaply, said the people.
For the most part, the job cuts won’t affect CNN’s most recognizable names, who are under contract, said the people. CNN has about 3,500 employees worldwide.
During a town hall meeting earlier this month, CNN CEO Mark Thompson said the media company has received an investment of “more than $70 million” from Warner Bros. Discovery to help fund the company’s digital operations. Part of that investment will go toward hiring employees in areas where CNN sees potential growth avenues, such as data scientists and product development.
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