CNN’s CEO on Jan. 23 said that the company is planning to lay off about 200 employees as part of a restructuring effort.
CEO Mark Thompson said in a memorandum to staff members that the job cuts, which will be within CNN’s television business, will eventually be offset by new hires for CNN’s digital plans, which include a series of subscription products.
“Our objective is a simple one: to shift CNN’s gravity towards the platforms and products where the audience themselves are shifting,” Thompson wrote in the memo.
CNN’s ratings have been tumbling in recent years, and especially after President Donald Trump won the 2024 election. The network fired 100 people, or about 3 percent of its workforce, in 2024….