CNN on Thursday announced major layoffs and a new strategic plan, in a post-election maneuver meant to help transform the cable channel during a challenging time for the media business.
CNN CEO Mark Thompson announced the news to staff Thursday morning, adding that the company would cut about 6% of jobs, or about 200 people. He adds that the company is actively recruiting for hundreds of new job, with about 100 expected to be filled in the next few months, thanks to a $70 million investment from parent company Warner Bros. Discovery.
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“The changes we’re announcing today are part of an ongoing response by this great news organization to profound and irreversible shifts in the way audiences in America and around the world consume news,” Thompson wrote.
Among the changes are a new streaming service, as CNN plans “to develop
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