Layoffs Begin At Ratings Challenged CNN

CNN torched its credibility during the Trump presidency and now it is paying the price.

As reported previously, the network has had to make some tough decisions and now the layoffs are beginning.

Their ratings are terrible and this is the end result.

Deadline reports:

CNN’s Chris Licht Starts Layoffs Of Workforce

CNN started to inform staffers of layoffs, as its chairman and CEO Chris Licht wrote that notices will go out on Wednesday and Thursday.

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“Today we will notify a limited number of individuals, largely some of our paid contributors, as part of a recalibrated reporting strategy,” Licht wrote in a memo, shared on Twitter by CNN’s Oliver Darcy. “Tomorrow we will notify impacted employees, and tomorrow afternoon I will follow up with more details of these changes.”

Licht had announced earlier this fall that the network would cut positions. He wrote that he “recently described this process as a gut punch, because I know that is how it feels for all of us.”

“It will be a difficult time for everyone,” Licht wrote in the memo. “If your jobs has been impacted, you will learn through an in-person meeting or via Zoom, depending on your location.” He added that the affected employees would receive information about severance and their last day. Those who were eligible for 2022 bonuses would still receive them based on performance.

Trending: REPORT: CNN Is Closing Its Center In Atlanta, Georgia

It’s important to remember that they did this to themselves.

This was not an accident. They chose this.

 

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