Cable News Network, CNN, has announced willingness to cut off jobs of 200 employees, roughly 6% of its workforce, as part of a significant overhaul aimed at adapting to the changing media environment.
The multinational media organization stated that the job cuts are part of a broader restructuring effort that focuses on expanding the network’s digital presence.
CNN CEO, Mark Thompson, reassured employees in a memo that the overall headcount might remain stable, with new roles expected to be created in line with the company’s digital shift.
“Some of today’s announcements mean significant new job opportunities at CNN, but others will lead to the loss of some valued colleagues”.
Thompson also clarified that despite eliminating 200 positions; the total number of employees is not expected to decrease drastically, assuring a planned $70 million investment in CNN’s digital future will fund new positions in the digital sector.
“CNN will be prioritizing digital contents and new technological advancements, hoping to stay competitive in an era of declining cable viewership and growing digital consumption.”
The restructuring follows a trend seen across the media industry, with major outlets like the Associated Press and CNN itself making similar workforce reductions in response to economic pressures and shifts in media consumption.
