CNN, NBC News to lay off employees: Report
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The job cuts come as CNN looks to rearrange its linear TV line-up and build out digital subscription products, CNBC reported.
PHOTO: REUTERS
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NEW YORK – CNN, a unit of Warner Bros Discovery, plans to lay off hundreds of employees on Jan 23 as it refocuses the business around a global digital audience, CNBC reported on Jan 22, citing people familiar with the matter.
The job cuts come as CNN looks to rearrange its linear TV line-up 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 might move to Atlanta, where production costs are lower, the report said.
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.
The Washington Post, owned by Amazon.com founder Jeff Bezos, said earlier in January that it would lay off about 4 per cent of its workforce or less than 100 employees in a bid to cut costs, as the storied newspaper grapples with growing losses.
In November 2024, the Associated Press said it would cut about 8 per cent of its workforce as it looks to modernise its operations and products. REUTERS
