CNN informs employees that layoffs are underway

Robert Besser
04 Dec 2022, 08:04 GMT+10

As companies look to rein in costs and trim their headcount to brace for an economic slowdown, CNN's top executive Chris Licht indicated that layoffs are underway.
In an all-staff memo Licht said CNN would notify a limited number of individuals, largely some of its paid contributors and the impacted employees.
In October, Licht had warned that CNN would be undergoing changes, citing "widespread concern over the global economic outlook."

ATLANTA, Georgia: As companies look to rein in costs and trim their headcount to brace for an economic slowdown, CNN's top executive Chris Licht indicated that layoffs are underway.

According to an email seen by Reuters, in an all-staff memo Licht said CNN would notify a limited number of individuals, largely some of its paid contributors and the impacted employees.

"I know these changes affect both our departing colleagues and those who remain," Licht wrote. "And we have resources to support you."

In October, Licht had warned that CNN would be undergoing changes, citing "widespread concern over the global economic outlook."

Also, Cable channels operator AMC Networks said it would cut 20 percent of its U.S. staff as it faces industry pressures and a challenging economy.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Massachusetts Sun.

More Information

45 ℉

Cloudy in Bedford

International

Section

Israeli ambassador extends thanks to U.S. president after UN vote

Israel has acknowledged and thanked the United States and President Joe Biden for standing firmly by Israel's side at the ...

E-bike's battery catches fire in New York, killing 1, injuring 6

NEW YORK: This week, New York City officials said that one person was killed and six others were injured when ...

United Kingdom passes on crucial vote to end war in Gaza

NEW YORK, New York - The United Kingdom refrained from supporting demands for a ceasefire in the two-months long Israel-Gaza ...

United States strikes down international demand for ceasefire

NEW YORK, New York - The U.S. was alone on Friday in a 13-1 vote for a ceasefire in the ...

Ex-US ambassador to Bolivia arrested for working for Cuba

WASHINGTON D.C.: The Associated Press (AP) reported that Manuel Rocha, a former American diplomat who served as U.S. ambassador to ...

Wisconsin man who firebombed anti-abortion group office pleads guilty

MADISON, Wisconsin: On November 30, Hridindu Sankar Roychowdhury from Wisconsin pleaded guilty to firebombing a conservative anti-abortion group's office on ...

Business

Section