CNN plans to lay off hundreds of employees, cut costs as NBC plots firings
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CNN is planning to lay off hundreds of employees as part of a cost-cutting measure while also rearranging its TV lineup and expanding digital subscription products. This move is part of a broader trend in the media industry, with NBC also planning firings.
January 22, 2025 | 10:45 pm
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CNN, owned by Warner Bros. Discovery (WBD), is laying off hundreds of employees to cut costs and focus on digital subscriptions.
The layoffs at CNN, a subsidiary of WBD, indicate cost-cutting measures and a strategic shift towards digital products. This could lead to short-term negative sentiment around WBD's stock due to potential instability and restructuring costs.
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