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![]() This is the second round of layoffs the company conducted this year after it shelved its $100m streaming platform CNN+ just three weeks after its debut, affecting 350 employees.īuzzFeed staffers heard similar sentiments from their CEO, Jonah Peretti, when the company announced it would let go 12% of its workforce – about 180 staffers – on 6 December. In a memo to staff, Licht said that the layoffs “are necessary and will make us stronger and better positioned to place big bets going forward without fear of failure”. ![]() Part-time analysts like journalists Susan Glasser and Jonathan Martin, who offer commentary on the network’s shows, were also removed from the roster, with CNN saying that it is “shifting our approach to paid contributors”. Though it is unclear exactly how many employees have been laid off, some high-profile staffers such as the political reporter Chris Cillizza and on-air host Robin Meade were cut. CNN on 30 November started laying off hundreds of workers in several areas of the company. In recent weeks, multiple media execs have pointed to uncertainty in the economy as the impetus for restructuring.ĬNN’s chief executive, Chris Licht, in October hinted that layoffs were to come, saying that there were “widespread concerns over the global economic outlook” affecting long-term planning. But this year, after inflation rose to historic highs and the Federal Reserve hawkishly raised interest rates to temper it, many media companies have started conducting layoffs, triggering fresh worries over the health of the US media at a time of democratic crisis and the rise of disinformation. ![]()
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