Cable cord-cutting and a decline in revenue led to a significant workforce reduction at the Warner Bros. Discovery unit while new employees are hired for digital efforts.
After months of speculation, CNN cut 6% of its TV news staff, while continuing to add talent focused on digital products. Expect more shifts like this for TV news.
A culling arrived at CNN on Thursday, though not one as large as most people expected. CNN will lay off 200 people in its TV business, or about 6 percent of its staff, as part of its planned digital ...
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