CNN to lay off dozens as part of major restructuring
Cable giant CNN is planning to lay off dozens of employees and undergo a major restructuring as the outlet looks to retool itself around digital during President Trump’s second term. The
CNN expected to cut 200 jobs, restructure the company
CNN CEO Mark Thompson said its parent company Warner Bros. Discovery is going to invest $70 million to support the company's digital transformation.
CNN is announcing layoffs as part of a further shift to digital business
Under Thompson, CNN has quietly redesigned and offered new features on its CNN.com website. Late last year, it instituted a $3.99 monthly and $29.99 yearly subscription for its heaviest users, and is working on new online products in areas like lifestyle, weather and sports.
CNN lays off 6% of jobs amid plan to reach $1 billion in digital revenue
CNN announced it's laying off about 6% of its workforce as it takes the next step in a restructuring plan aimed at producing $1 billion in digital revenue by 2030.
CNN announces layoffs as it revamps its schedule and digital strategy
CNN is laying off around 6% of its workforce, the company announced Thursday morning, as it institutes sweeping new changes to the 45-year-old news network, including a new weekday show lineup and digital strategy.
CNN to cut jobs by 6pc amid digital push
WASHINTON: Warner Bros Discovery-owned CNN will lay off about 6 percent of its workforce as the TV news outlet continues to shift its focus toward a more digital-centric strategy, according to an internal memo seen by Reuters on Thursday.
CNN To Lay Off Hundreds As It Shifts Focus To Digital Growth
Warner Bros. Discovery’s CNN plans to lay off hundreds of employees Thursday as the company shifts its focus toward a global digital audience, according to sources. The layoffs come alongside changes to CNN’s linear TV lineup and the expansion of digital subscription products.
CNN hit with significant layoffs as network sets a plan for a digital future
CNN is cutting 6% of its workforce as the news organization tries to reinvent itself for TV’s digital future. Facing an exodus of viewers and a systemic decline in pay TV subscriptions, the Warner Bros.
CNN boss Mark Thompson confirms 200 layoffs across cable TV network in digital push
CNN boss Mark Thompson on Thursday revealed sweeping changes at the embattled network that include 200 job cuts and a pivot ...
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Warner Bros Discovery Adds New Directors Amid Strategic Restructuring
Warner Bros Discovery (NASDAQ:WBD) has appointed Anthony Noto, CEO of SoFi (NASDAQ:SOFI), and Joey Levin, outgoing CEO of IAC ...
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CNN to cut jobs by 6% amid digital push
Warner Bros Discovery-owned CNN will lay off about 6% of its workforce as the TV news outlet continues to shift its focus toward a more digital-centric strategy, according to an internal memo seen by ...
Warner Bros Discovery Adds SoFi CEO, Outgoing IAC Chief Executive to Board
(Reuters) - Warner Bros Discovery has appointed Anthony Noto, CEO of fintech giant SoFi, and Joey Levin, the outgoing chief ...
FINAL WBD DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Warner Bros. Discovery, Inc. Investors to Join the Class Action Lawsuit
New York, New York-- (Newsfile Corp. - January 23, 2025) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against ...