CNN is reportedly about to fire hundreds more employees as the “news” network’s ratings continue to collapse.
The so-called “most trusted name in news” has been failing downward for years, but over the last year that collapse has picked up speed. And it has caused the network to lose millions.
The network has already seen a steady wave of layoffs.
Worse, the network was just convicted of lying and committing defamation in a court case that cost them a $5 million settlement.
Will this presidential election be the most important in American history?
Now the layoffs are looming once again.
Per CNBC:
CNN to lay off hundreds of employees as post-inauguration transformation begins, sources say
Warner Bros. Discovery’s CNN plans to lay off hundreds of employees Thursday as it refocuses the business around a global digital audience, according to people familiar with the matter.
The layoffs come as CNN is rearranging its linear TV lineup and building out digital subscription products. The cuts will help CNN lower production costs and consolidate teams, said the people, who spoke on the condition of anonymity to discuss nonpublic changes.
Certain shows that are produced in New York or Washington may move to Atlanta, where production can be done more cheaply, said the people.
For the most part, the job cuts won’t affect CNN’s most recognizable names, who are under contract, said the people. CNN has about 3,500 employees worldwide.
CNBC reports today that CNN will be laying off "hundreds" of its 3,500 employees later this week, as the network struggles to make money following the 2024 election.
They are in their way to bankruptcy. Nobody watches CNN anymore. pic.twitter.com/DB3JjHv18T
— Kash Patel 🇺🇸 News (@KashPatel_News) January 22, 2025
More great news in the era of Trump 2.0.
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