After Warner Bros. Discovery announced it will incur more than $1 billion in downsizing costs, CNN chief Chris Licht told staff at the news network to prepare for cutbacks.
In a memo sent Tuesday, Licht said CNN is looking at ways to reduce costs and "will mean noticeable change to the organization. That by definition is unsettling and will affect people, budgets and projects."
The executive who officially took over CNN in April said the reductions will be enacted by the end of the year.
