CNN to lay off hundreds of employees as post-inauguration transformation begins, sources say
Portfolio Pulse from
CNN is planning to lay off hundreds of employees this week as part of a post-inauguration transformation. NBC News is also planning layoffs, but on a smaller scale.
January 22, 2025 | 9:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
CNN, owned by Warner Bros. Discovery (WBD), is laying off hundreds of employees as part of a transformation strategy.
The layoffs at CNN, a major asset of Warner Bros. Discovery, could lead to short-term negative sentiment around WBD's stock due to potential concerns about operational challenges and restructuring costs.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80