CNN to put off staffers this week amid adjustments on the community
CNN plans to put off an unknown variety of workers Thursday because the community grapples with diminished promoting income and a looming recession.
In a Wednesday electronic mail to staffers obtained by CBS MoneyWatch, CEO Chris Licht stated this week’s cuts “will be a difficult time for everyone.” Some CNN contributors — specialists who seem on-air part-time to debate specialised subjects like drugs or legislation — had been laid off Wednesday, CNN reported. The outlet reported that the strikes had been anticipated to influence “hundreds of staffers.”
Licht stated the cuts had been a part of a “recalibrated reporting strategy.” He known as them “a gut punch” that may “affect both our departing colleagues and those who remain.”
“Let’s take care of each other this week,” he stated.
CNN didn’t instantly reply Thursday to a request for remark. The community has about 4,000 workers, according to its web site. This week marks the primary substantial job cuts CNN has made since 2018, when the community slashed lower than 50 positions in digital news.
The cuts come eight months after CNN’s father or mother firm, Warner Media, merged with Discovery. CEO David Zaslav told buyers final month that Warner Bros Discovery is seeking to save between $3 billion and $3.5 billion with the layoffs at CNN and different cost-cutting measures. Warner Bros Discovery additionally owns Adult Swim, Cartoon Network, TBS, TNT, truTV and Turner Classic Movies.
This yr has been fairly the roller-coaster experience for CNN, which began 2022 recent off firing longtime anchor Chris Cuomo. In February, former CNN President Jeff Zucker resigned after failing to reveal a consensual relationship with a feminine colleague.
In the spring, anchor Don Lemon was accused of sexual assault, however that case was later dropped by the accuser. While that was taking place, CNN launched, then instantly tore down, its digital streaming service CNN+, as a result of it did not seize sufficient subscribers.
Former President Donald Trump filed a lawsuit towards CNN in October, alleging the community harmed his popularity with “false, defamatory and inflammatory mischaracterizations” and that CNN’s conduct “intended to interfere with [his] political career.”
Sharp declines in advert income have continued to plague media firms this yr and CNN is not the one newsroom going through layoffs.
The Washington Post announced Wednesday that it’ll cease printing its Sunday journal and get rid of 10 jobs tied to the publication. Gannett, the nation’s largest newspaper writer, goals to chop 6% of its 3,440 employees in news, USA Today reported. The newest cuts observe a earlier spherical of layoffs the place Gannett slashed 400 jobs in August.
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