CNN on Wednesday informed staff members that layoffs were being initiated at the company amid a bleak outlook for the global economy.
In a memo to employees, CNN CEO Chris Licht said the layoffs are “incredibly hard” and described them as a “gut punch.”
“Today we will notify a limited number of individuals, largely some of our paid contributors, as part of a recalibrated reporting strategy,” Licht said in the memo. “Tomorrow, we will notify impacted employees, and tomorrow afternoon I will follow up with more details on these changes.”
The CNN head said employees set to lose their jobs will be notified either via an in-person meeting or via Zoom, depending on where they are located. The meetings will provide employees with specific information about the notice period and any applicable severance pay….
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