Wednesday, July 24, 2024

CNN Plans to Cull Workforce, Launch Digital Subscriptions by End of the Year

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CNN plans to reduce its workforce by about 100 employees and launch digital subscription products by the end of 2024 in a major restructuring, according to “The Wrap.”

In a memo to staff this week, CEO Mark Thompson, who took the helm in the fall of 2023, outlined his plans to layoff approximately 100 employees through job cuts and attrition. CNN currently has about 3,500 employees worldwide. He also announced that the network will combine three news divisions—US Newsgathering (TV), International Newsgathering (TV) and Global Digital News—into one unit, headed up by CNN veteran executive Virginia Moseley.

Mark Thompson (Image credit: CNN)

Also in the works, new subscription plans to be launched by the end of 2024 that will hopefully erase the memory of the network’s ill-fated CNN+ streaming service that was shut down less than a month after being launched in the spring of 2022, shortly after the merger of Warner Bros. and Discovery.

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