The cuts have begun.
The cuts are not a surprise, with Licht warning employees in late October that the news division would be undergoing a restructuring, citing “widespread concern over the global economic outlook.”
But they do come amid decreasing morale at CNN, which has already seen significant turnover this year since the Discovery merger. One of the first moves made after the merger closed was to shut down the CNN+ streaming service, laying off a couple hundred employees in the process.CNN Begins Laying Off Hundreds of Employees, Targeting On-Air Contributors First
CNN Chief Chris Licht announced that the network will start making layoffs as part of his budget cut strategy, and it is expected to target hundreds of CNN employees. Oliver Darcy, CNN’s senior media reporter, released a letter that Licht sent out to the entire company on Wednesday. In it, Licht announced that the first round of layoffs will impact the network’s paid contributors, and the network’s remaining staff would be informed of these changes tomorrow.Licht says those being notified today are largely paid contributors and then tomorrow CNN "will notify impacted employees.
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