CNN fires hundreds of employees

CNN laid off hundreds of employees due to economic uncertainty and termed it “the largest layoffs to the corporation in years”

In a statement to all employees, the CEO, Chris Licht, who took over in May, described the layoffs as a “gut push,” adding that it was difficult to let go of such excellent employees.

“To our departing colleagues, I want to express my gratitude for your dedicated and tireless service and your many contributions to CNN,” the internal memo shared by CNBC read.

According to CNN, the media industry is also being severely impacted by “brutal economic headwinds that have hit the advertising sector like a bat”

According to the article, other media outlets were reportedly experiencing difficulty. It is also reported that AMC Networks announced a 20% reduction in the workforce.

In a memorandum, Licht stated, “All decisions are intended to improve our business’s core.” “Beginning on December 6, CNN will no longer produce live content for HLN; instead, CNN This Morning will be broadcast on both CNN and HLN.”