CNN has hinted at budget cuts and layoffs before the end of this year, according to the New York Times. In a memo to employees, CNN chairman Chris Licht said that concerns over the global economy had forced him to re-evaluate the company’s priorities, observing that he would make a “noticeable change” to the organisation.
Licht said that executives would look into spending across the business. “These changes will not be easy, because it will affect people, budgets and projects.”
