CNN is announcing layoffs as part of a further shift to digital business

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CNN is announcing layoffs as part of a further shift to digital business

Post by Admin » Fri Jan 24, 2025 7:58 am

CNN is expected to lay off about 200 of its employees, or 6% of its workforce, in part of a shift toward a more digital-oriented future.

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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, a former chief executive at The New York Times and BBC called upon by parent company Warner Bros. Discovery to revive the news outlet's flagging fortunes.

The layoffs are concentrated in CNN's TV business, where ratings have tumbled as consumers cut off cable and seek other news sources. They will eventually be offset by new hires in digital, where Warner Bros. Discovery is making a $70 million investment, CNN said.

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