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.
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.
“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.
It’s important to remember that they did this to themselves.
Layoffs Begin at CNN Amid Warner Bros. Discovery Cost-Cutting Plan
"It will be a difficult time for everyone," CNN EO Chris Licht told staff in an email Wednesday.https://t.co/QoT3kbbV7N pic.twitter.com/BAeOStSqJR
— johnny dollar (@johnnydollar01) November 30, 2022
CNN boss Chris Licht informs employees in an all-staff note that layoffs are underway.
Licht says those being notified today are largely paid contributors and then tomorrow CNN "will notify impacted employees."
Licht will then provide an update to staff afterward. pic.twitter.com/nD0pt9Ruwj
— Oliver Darcy (@oliverdarcy) November 30, 2022
Layoffs are beginning at CNN today, per an internal note from Chris Licht. The network chief says it will be “a difficult time for everyone.”
— Max Tani (@maxwelltani) November 30, 2022
This was not an accident. They chose this.