Employees at CNN are bracing for some seriously bad news. After missing key revenue goals, the network has made plans to fire dozens and dozens of their employees soon.
According to Vanity Fair, CNN President Jeff Zucker is planning to fire at least 50 employees in an effort to get costs in their digital media space under control.
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It seems that CNN hasn’t been able to translate their fake news hysteria against President Donald Trump into the dollars and cents they were promising.
What a shame.
The layoffs will largely avoid the network’s stars, and instead is focused on their tech and digital media business. It will focus on cutting costs ahead of AT&T’s anticipated buyout of CNN’s parent company, Time Warner.
“The cuts will affect employees who work in premium businesses including CNN Money, video, product, tech and social publishing,