Cable news giant CNN will be hit by layoffs Wednesday and Thursday.
Network CEO Chris Licht wrote to staff on Wednesday to inform employees the process of letting an unspecified number of staffers go had begun and that more information on who would be affected would be forthcoming.
“It will be a difficult time for everyone,” Licht wrote.
The cuts are not a surprise, with Licht warning employees in late October that the news division would be undergoing a restructuring, citing “widespread concern over the global economic outlook.”
Licht’s memo is below:
November 30, 2022
To my CNN colleagues,
Our people are the heart and soul of this organization. It is incredibly hard to say goodbye to any one member of the CNN team, much less many. I recently described this process as a gut punch, because I know that is how it feels for all of us.
Today we will notify a limited number of individuals, largely some of our paid contributors, as part of a recalibrated reporting strategy. Tomorrow, we will notify impacted employees, and tomorrow afternoon I will follow up with more details on these changes.
It will be a difficult time for everyone. If your job has been impacted, you will learn more through an in-person meeting or via Zoom, depending on your location. In those meetings, you will receive information specific to you about notice period or any severance that would apply, and your anticipated last day. I want to be clear that everyone who is bonus eligible will still receive their 2022 bonuses, which are determined by company performance.
I know these changes affect both our departing colleagues and those who remain, and we have resources designed to support you. I will include a link to those resources in my follow up email tomorrow.
Let’s take care of each other this week.
(YWN World Headquarters – NYC)
Be woke, go broke. How does “former news ‘reporter'” look on a resume and job application to be a barista at Starbucks?
I’m surprised they haven’t been nationalized yet.