CNN Announces New Round of Layoffs
By Zachary Stieber CNN’s CEO on Jan. 23 said that the company is planning to lay off about 200 employees as part of a restructuring effort. CEO Mark Thompson said in a memorandum to staff members that the job cuts, which will be within CNN’s television business, will eventually be offset by new hires for CNN’s digital plans, which include a series of subscription products.
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