CNN Job Cuts Are A Painful Reminder Of Where TV News Is Heading
After months of speculation, CNN cut 6% of its TV news staff, while continuing to add talent focused on digital products. Expect more shifts like this for TV news.
CNN Expected To Announce Substantial Job Cuts
CNN is expected to announce significant job cuts this week, part of CEO Mark Thompson’s long-in-the-works restructuring plans to place more emphasis on the digital future. CNBC first reported on the job reductions, which could number in the hundreds. A CNN spokesperson declined comment.
US News Giant CNN Eyes 200 Job Cuts, Streaming Overhaul
US news network CNN will shed six percent of staff, some 200 people, the outlet said Thursday as it embarks on a major shakeup of staffing and programing amid a deluge of political news.
CNN Cuts About 200 Jobs As Part Of A Further Shift To Digital Business
CNN announced a restructuring Thursday that includes some 200 layoffs, an accelerated pivot to digital operations and new TV roles for personalities like Wolf Blitzer, Jake Tapper and Audie Cornish. It’s the boldest revamp yet in the 18-month tenure of CEO Mark Thompson,
CNN Cuts 6% Of Workforce
CNN announced on Thursday that it is cutting about 6% of its total staff, or about 210 employees. CNN CEO Mark Thompson announced the job cuts in a memo to staff on Thursday. In the memo, Thompson noted CNN doesn't expect total headcount to fall "much" this year because the company plans to invest $70 million in new digital plans.
CNN laying off around 200 workers amid digital news shift
CNN will eliminate 6 percent of its global workforce as the network tries to rebound from low ratings by focusing on digital news platforms. This article, CNN laying off around 200 workers amid digital news shift,
GM job salaried cuts continue, could run through February, in new performance evaluations
Some GM salaried workers are being let go as the company continues to use a new evaluation program that weeds out poor ...
University seeks more job cuts to save £19.5m
More jobs will be cut at the University of Kent in a bid to save nearly £20 million, the institution has announced. The ...
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'New financial challenges' limit Cleveland Clinic's 2024 margin, spur job cuts
A record year for patient encounters and revenues still left the Cleveland Clinic with a lower-than-expected operating margin ...
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Nissan Plans Cuts Without Resorting to Plant Closures
Nissan plans to repair its flailing business without closing factories, according to people familiar with the matter, as it ...
UBS CEO Signals Job Cuts Will Continue in Quest to Lower Costs
UBS Group AG Chief Executive Officer Sergio Ermotti said he will keep cutting headcount in the wake of the historic ...
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Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump’s tax cuts
The U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary. Bessent has ...
Rachel Reeves’ Budget tax raid sparks fastest rate of job cuts since financial crisis
THE Budget tax raid on businesses has led companies to slash jobs at the fastest rate since the financial crisis, a survey ...
Sainsbury’s Job Cuts Just the Start as Costs Soar in UK Retail
Britain’s retailers face having to cut more jobs, drive harder bargains with labor unions and stagger pay increases to absorb ...
British Columbians concerned about backlogs after Canadian immigration job cuts
A Vancouver-based Canadian immigration lawyer says there are hundreds of thousands of applications waiting to be processed by ...
Recession fears grow as companies prepare to ramp up staff cuts
Fears of a recession are growing as business chiefs warned they will be forced to ramp up job cuts as Rachel Reeves’s tax ...