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,
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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Indians to be hit as Canada's immigration department plans 3,300 job cuts
Canada's immigration department, the IRCC, will be cutting 3,300 jobs, which is 25% of its workforce, by 2028. The downsizing ...
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Federal workers fear job cuts, in-office mandates under Trump orders
Federal workers are scrambling to make sense of the flurry of decrees issued Monday evening by President Donald Trump, ...
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 ...
Full list of Sainsbury’s cafe closures after supermarket confirms 3,000 job cuts
Sainsbury’s also announced that its remaining 61 Sainsbury’s Cafes will be shut subject to consultation. The chain said ...
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 ...
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 ...
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The chancellor might be blamed - but Sainsbury's job cuts must be seen in the wider context
It is no surprise to see job cuts as a consequence of both this and the coming rise in the national living wage. These measures, along with a rise in business rates, are estimated to be adding £ ...
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Goldman Sachs Launches AI for 10,000 Employees, Predicting 200,000 Job Cuts Globally
Goldman Sachs has recently introduced the "GS AI Assistant" to approximately 10,000 employees, marking a significant step in ...