CNN announces more layoffs as it preps for a future beyond cable TV
CNN’s first subscription offering will arrive later this year. | Photo by Jaap Arriens / NurPhoto via Getty Images
CNN is cutting jobs and restructuring its news operations as part of ongoing efforts by the company to boost its digital offerings and be less dependent on its cable news channel.
The changes, as reported by The Hollywood Reporter from a memo sent to staff on Wednesday by CNN CEO Mark Thompson, include layoffs of “around a hundred” staffers, representing less than 3 percent of the company’s workforce of more than 3,500 employees. The cuts follow layoffs in 2022, including jobs lost when the network’s streaming service, CNN Plus, was shut down less than a month after launching.
Today’s memo also outlined Thompson’s plans to merge CNN’s TV news and digital news teams into a single “Global News organization” that will reduce duplicated…