CNN has already made quite a lot of huge staffing adjustments during the last six months.
Media reporter Brian Stelter was let go, then John Harwood left the community. Don Lemon was taken out of primetime and moved to a morning present. And apparently, there are extra adjustments and cuts coming.
This has acquired the workers on edge.
CNBC stories:
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CNN chief Chris Licht has huge concepts, however workers are nervous, and extra job cuts are coming
CNN CEO Chris Licht began conducting a enterprise evaluate of the information community when he agreed to take the job in April.
That analysis wrapped up final week, in accordance with individuals aware of the matter, and CNN workers are about to seek out out Licht’s conclusions.
Licht faces many challenges at CNN. Like all cable information networks, the enterprise is shrinking. CNN makes cash off promoting and pay-TV subscriber charges. However as hundreds of thousands of People cancel conventional pay TV annually in favor of streaming companies, CNN virtually definitely can’t elevate subscription charges at a quick sufficient clip to make up for declining viewer numbers…
Licht’s evaluate is an element of a bigger effort spearheaded by Zaslav, who has instructed division heads all through the corporate to rethink their models and discover methods to chop prices. Greater than 1,000 individuals shall be laid off by Warner Bros. Discovery
earlier than the tip of the 12 months, stated the individuals, who requested to not be named as a result of the discussions are non-public and ongoing. Warner Bros. Discovery has about 40,000 workers.Licht doesn’t have a selected order to chop a specific amount of jobs or save a selected share of spending. However he’s planning to chop elements of CNN that he have grow to be bloated over time, stated the individuals. A CNN spokesperson declined to remark.
Who would be the subsequent to go?
A latest enterprise evaluate of CNN has workers anxious that widespread job cuts are coming following the formation of mum or dad firm Warner Bros. https://t.co/W9AL0fwOWy
— Newsmax (@newsmax) October 27, 2022
Jim Acosta might be engaged on his resume proper now.
Cross posted from American Lookout.
