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 ...
The linguistic somersaults Meta and other companies use to disguise how job cuts are coming
When companies cut jobs, many resort to language like "rightsizing" to try to soften the blow. It doesn't work.
Job cuts at Canada's immigration department prompt concerns over backlogs and processing times
Immigration, Refugees and Citizenship Canada has announced plans to cut about a quarter of its workforce over the next three ...
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 ...
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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Adidas, Puma weigh job cuts as latter disappoints with profit fall
German sportswear giants Adidas and Puma have both announced they are seeking to reduce costs, including through possible job ...
Consumer expectations for economy plunge to ‘new low’ amid job cuts
Expectations for the state of the economy over the next three months have worsened since December, according to a consumer confidence survey ...
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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 ...