CEO of CNN Announced Layoffs for 100 Employees and Structural Changes to the Newsroom

by J Pelkey
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Get woke, go broke.

Mark Thompson, the CEO of CNN, has announced plans to lay off nearly 100 employees.

In a memo to staff, Thompson outlined upcoming changes, including structural changes to the newsroom and the launch of a new subscription service.

Thompson mentioned that approximately 100 employees, representing three percent of the company’s workforce, would be affected by the newsroom’s restructuring.

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He described the move as a “key milestone in the transformation of CNN.”

From the New York Post:

CNN CEO Mark Thompson revealed to staffers Wednesday a drastic new plan to push the cable news network into the digital age — and signaled that job cuts are coming.

The media boss called the incoming changes — which will include a new subscription service and structural changes to the newsroom — a “key milestone in the transformation of CNN” in his memo to company employees.

Thompson said he plans to lay off 100 employees – about three percent of the workforce – as well as build a new digital subscription service that he hopes will generate more than $1 billion in revenue.

The CEO was brought on last summer to help push the television news network into the future, after pulling off a turnaround at The New York Times. Thompson acquired tech review company Wirecutter and launched the cooking vertical during his nearly decade-long tenure at The Times.

CNN had previously launched CNN+, a streaming platform that was shut down after only one month due to lower than expected subscription sales.

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