CNN begins slashing workers as Chris Licht cuts costs: report
CNN began a long-expected round of layoffs on Wednesday as president Chris Licht and other executives at WarnerBros. Discovery trim costs at the struggling cable news network.
Licht informed CNN employees of the cuts in a memo and acknowledged “it will be a difficult time for everyone” at the company.
“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,” Licht said in the memo, which was obtained by The Hollywood Reporter.
Licht said the pink slips would begin with “a limited number of individuals, largely some of our paid contributors” on Wednesday as part of a “recalibrated reporting strategy.” The company will begin notifying other impacted employees on Thursday, with additional detail from Licht on CNN’s next steps to follow by that afternoon.
It wasn’t immediately clear how many CNN employees are being laid off. The Post has reached out to CNN for further comment.
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