CNN Expected To Announce Substantial Job Cuts
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deadline.comCNN 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. As he has laid out a digital strategy, Thompson has long signaled that it would comes with reductions in staff.
The network went through a round of layoffs last year, with about 100 people impacted, or 2.9% of a 3,500 employee workforce.
The network has sought new avenues for raising revenue, launching a paywall last fall on CNN.com, which is one of the highest trafficked news sites in the world.
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