CNN is announcing layoffs as part of a further shift to digital business

CNN expects to lay off about 200 people as part of a restructuring announced on Thursday that pivots the news organization toward a more digitally oriented future. The company’s CEO, Mark Thompson, said he expects the job cuts in CNN’s television business to eventually be offset by new hires for the digital plans, which include a series of subscription products. The network’s ratings have been tumbling, particularly after President Donald Trump’s election.

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Author: DAVID BAUDER