CNN plans to reduce its workforce by about 100 employees and launch digital subscription products by the end of 2024 in a major restructuring, according to “The Wrap.”
In a memo to staff this week, CEO Mark Thompson, who took the helm in the fall of 2023, outlined his plans to layoff approximately 100 employees through job cuts and attrition. CNN currently has about 3,500 employees worldwide. He also announced that the network will combine three news divisions—US Newsgathering (TV), International Newsgathering (TV) and Global Digital News—into one unit, headed up by CNN veteran executive Virginia Moseley.
