Canada News

CNN begins slashing workers as Chris Licht cuts costs: report

CNN began a long-expected round of layoffs on Wednesday as president Chris Licht and other executives at WarnerBros. Discovery trim costs at the struggling cable news network.

Licht informed CNN employees of the cuts in a memo and acknowledged “it will be a difficult time for everyone” at the company.

“It is incredibly hard to say goodbye to any one member of the CNN team, much less many. I recently described this process as a gut punch, because I know that is how it feels for all of us,” Licht said in the memo, which was obtained by The Hollywood Reporter.

Licht said the pink slips would begin with “a limited number of individuals, largely some of our paid contributors” on Wednesday as part of a “recalibrated reporting strategy.” The company will begin notifying other impacted employees on Thursday, with additional detail from Licht on CNN’s next steps to follow by that afternoon.

Chris Licht
CNN’s Chris Licht has warned for weeks that layoffs were coming.
Getty Images for Warner Bros. Di

It wasn’t immediately clear how many CNN employees are being laid off. The Post has reached out to CNN for further comment.

This is a breaking story. Check back for updates.

Source link

Denial of responsibility! Today is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button