CNN announces 200 layoffs as it attempts to modernize business

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CNN Announces Job Cuts

Warner Bros. Discovery’s CNN announced Thursday it is cutting about 6% of its total staff, or about 210 employees, as it refocuses the business around a global digital audience.

In a memo to staff, CEO Mark Thompson confirmed CNBC’s reporting that cuts were coming. The memo noted that CNN doesn’t expect total headcount to fall "much" this year, as the company plans to invest $70 million in new digital plans.

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. Certain shows that are produced in New York or Washington may move to Atlanta, where production can be done more cheaply. For the most part, the job cuts won’t affect CNN’s most recognizable names, who are under contract.

New CNN Plans

CNN announced several new initiatives in the memo. The company is planning a new way for digital subscribers to stream CNN outside of CNN Max, which exists within Warner Bros. Discovery’s broader Max streaming service. CNN plans to announce content details "in the coming months."

The news organization is also planning to hire at least 100 new jobs in the coming months to build out a broader digital presence. Part of that investment will be in a "lifestyle-oriented digital product" that CNN is developing.

NBC News Cuts

NBC News is also planning cuts later this week, according to people familiar with the matter. While the exact number couldn’t be determined, the job losses will be well under 50.

Conclusion

The news media landscape is in transition as fewer people watch linear TV and more consume their news on streaming services and through social media. The job cuts by CNN and NBC News are part of this shift, as they refocus their businesses around a global digital audience.

Frequently Asked Questions

Q: How many jobs are being cut at CNN?
A: About 210 employees, or 6% of its total staff.

Q: Why is CNN cutting jobs?
A: CNN is refocusing its business around a global digital audience and plans to invest $70 million in new digital plans.

Q: Will the job cuts affect CNN’s most recognizable names?
A: For the most part, the job cuts won’t affect CNN’s most recognizable names, who are under contract.