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How many additional job cuts will CNN announce by the end of 2024?
3
Resolution / Starting Odds
No further cuts • 25%
Up to 50 additional cuts • 25%
51 to 100 additional cuts • 25%
More than 100 additional cuts • 25%
Official announcement from CNN or verified news sources
Story
CNN to Cut 100 Jobs, Launch Digital Subscription Product by End of 2024
Jul 10, 2024, 04:14 PM
CNN is set to cut approximately 100 jobs, representing about 2.8% of its workforce, as part of a significant overhaul aimed at consolidating its news operations and bolstering its digital business. The network plans to launch its first digital subscription product by the end of 2024, a move designed to reduce its reliance on traditional cable TV revenue. CEO Mark Thompson announced the layoffs and restructuring in a detailed memo, highlighting a strategic push into artificial intelligence and the merging of CNN's television newsgathering and digital-news divisions into a single unit. This initiative is part of a broader effort to adapt to the declining cable broadcasting industry and enhance the network's digital footprint.
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Similar markets
0-5% • 25%
6-10% • 25%
11-15% • 25%
More than 15% • 25%
CEO steps down • 25%
Head of news steps down • 25%
Other executive changes • 25%
No changes • 25%
Yes • 50%
No • 50%
Less than 60,000 • 25%
60,000 to 70,000 • 25%
70,001 to 80,000 • 25%
More than 80,000 • 25%
Increase by more than 10% • 25%
Decrease by more than 10% • 25%
Remain relatively stable (±10%) • 25%
Fluctuate significantly (more than ±10%) • 25%
Less than 500,000 • 25%
500,000 to 1 million • 25%
1 million to 2 million • 25%
More than 2 million • 25%
Significant negative impact • 25%
Minor negative impact • 25%
No impact • 25%
Positive impact • 25%
