From CNN to Paramount, Media Firms Cut Jobs as Pressures Mount

Left  At CNN, low ratings, ad concerns and challenges at its parent, Warner Bros. Discovery, have led to layoffs. (Photo: AFP)

An advertising slowdown, economic worries and strains of the shift to streaming have many major media companies in cost-cutting and layoff mode.

News organizations, TV networks, movie and television studios, and entertainment giants laid off hundreds of workers over the past week alone, including Warner Bros. Discovery Inc.'s CNN and Paramount Global's television-production units.