CNN informs employees that layoffs are underway

Sun, 29 Jan 2023

CNN informs employees that layoffs are underway

Robert Besser
04 Dec 2022, 08:04 GMT+10

As companies look to rein in costs and trim their headcount to brace for an economic slowdown, CNN's top executive Chris Licht indicated that layoffs are underway.
In an all-staff memo Licht said CNN would notify a limited number of individuals, largely some of its paid contributors and the impacted employees.
In October, Licht had warned that CNN would be undergoing changes, citing "widespread concern over the global economic outlook."

ATLANTA, Georgia: As companies look to rein in costs and trim their headcount to brace for an economic slowdown, CNN's top executive Chris Licht indicated that layoffs are underway.

According to an email seen by Reuters, in an all-staff memo Licht said CNN would notify a limited number of individuals, largely some of its paid contributors and the impacted employees.

"I know these changes affect both our departing colleagues and those who remain," Licht wrote. "And we have resources to support you."

In October, Licht had warned that CNN would be undergoing changes, citing "widespread concern over the global economic outlook."

Also, Cable channels operator AMC Networks said it would cut 20 percent of its U.S. staff as it faces industry pressures and a challenging economy.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sierra Leone Times.

More Information

23 ℃

Light Rain in Seletar

Business

Section

Walmart minimum wage to start at $14/hr, still below Costco, Target

BENTONVILLE, Arkansas: To attract and retain employees in a tight domestic labor market, Walmart has announced that it it will ...

Technology stocks in demand as U.S. markets move modestly higher

NEW YORK, New York - U.S. stocks hesitatingly continued higher Friday, reflecting widespread gains, albeit modest ones, across the globe."We're ...

Artificial meat given first approval by US officials

NEW YORK CITY, New York: As early as this year, lab-grown meat could be served in some restaurants in the ...

As travel opens up, Thailand prepares for 5 million Chinese tourists

BANGKOK, Thailand: Following China's reopening and the end of its strict COVID-19 restrictions, businesses on Thailand's holiday island of Phuket ...

Recession fears fade as investors weigh into U.S. stocks

NEW YORK, New York - Recession fears faded on Wall Street Thursday as annualized 4th quarter GDP (gross domestic product) ...

Officials cautious as lower mortgage rates increases home buying

WASHINGTON D.C.: In December 2022, US existing home sales declined to a 12-year low, but lower mortgage rates raised cautious ...

Africa

Section

France military ordered out of Burkina Faso in west Africa

OUAGADOUGOU, Burkina Faso: As Burkina Faso, in western Africa, faces an Islamist insurgency, it is set to end a military ...

He's Close to Us: Wheelchair Users in Africa Await Pope

GOMA, Congo - When Pope Francis arrives in Congo and South Sudan next week, thousands of people will take special ...

UN Weekly Roundup: Jan. 21-27, 2023

united nations - Editor's note: Here is a fast take on what the international community has been up to this ...

SA vs ENG, 1st ODI: Jason Roy's ton in vain as Proteas receive World Cup boost

Bloemfontein [South Africa], January 28 (ANI): South Africa spoilt Jofra Archer's return to international cricket and boosted their own chances ...

'Remember the Titans' screenwriter Gregory Allen Howard dies at 70

Washington [US], January 28 (ANI): The award-winning screenwriter of "Remember the Titans," Gregory Allen Howard, died in Miami, Florida, following ...

Blood sugar monitoring devices create usage problems for adults

Indianapolis [US], January 27 (ANI): Researchers from the Regenstrief Institute showed that continuous glucose monitors and other wearable devices present ...

Movie Review

Godzilla vs. Kong