CNN to Lay Off Hundreds Amid Ratings Decline
The network plans significant staff cuts as it shifts to a digital-first strategy following disappointing election night viewership.
- CNN is preparing for major layoffs, affecting hundreds of employees, including on-air talent, as part of a strategic overhaul.
- CEO Mark Thompson aims to pivot CNN towards a digital-first model, reducing reliance on traditional TV production roles.
- The network's election night coverage drew only 5.1 million viewers, significantly trailing behind competitors Fox News and MSNBC.
- High-profile departures and potential pay cuts for top anchors like Anderson Cooper and Erin Burnett are expected amidst the restructuring.
- Despite the layoffs, CNN plans to create new positions to support its digital strategy, potentially resulting in a net gain in employees.