CNN and NBC, two major American news networks, are preparing to reduce their workforce. CNBC reports that CNBC will lay off 200 employees from its global workforce of 3,500, while NBC News plans to cut fewer than 50 positions. Approximately six percent of CNN’s workforce will be affected by these layoffs.
According to CNBC, CNN aims to restructure by focusing on a digital audience and enhancing its digital subscription products. This workforce reduction is expected to lead to significant cost savings and facilitate team consolidation, which will ultimately contribute to the long-term sustainability and success of the network.
It’s important to note that CNN has reported its lowest ratings ever in 2024 among adults aged 25 to 54. This decline highlights the changing behavior and preferences of the audience, indicating that CNN must adapt to the evolving ways in which subscribers consume news.
Reports suggest that CNN may relocate the production of certain shows from New York or Washington, D.C., to Atlanta in order to reduce production costs.
Recently, Mark Thompson, CEO of CNN, announced that the network received a capital infusion of over $70 million from Warner Bros. Discovery to expand its digital operations. Thompson indicated that some of this funding would be used to recruit talent in data science and product development.
