Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

CNN Head Confirms Layoffs at the Network as Early as December

by November 17, 2022
November 17, 2022
CNN Head Confirms Layoffs at the Network as Early as December

In June of this year, CNN CEO Chris Licht told employees that there were no impending layoffs coming to the network.  Turns out, that was just more CNN fake news.

In a town hall with employees on Tuesday, Licht shared that the network is facing layoffs as early as December.

The Daily Mail reports:

Licht has overseen the shutdown of CNN+ in 2022 and a purge of company veterans such as Brian Stelter, Jeffrey Toobin and John Harwood.

He reportedly did not get into specifics about the layoffs but said teams that are not deemed essential to the network’s ‘core mission’ were on the chopping block.

‘As it relates to CNN, there are no layoffs per se. A layoff is a downsizing, where you are given a target, and that is not happening at CNN,’ Licht said at a staff-wide event in June.

Then, in October, he wrote a memo that stated ‘changes’ that affect ‘people, budgets and projects’ were coming and said there will be a ‘noticeable change to this organization.’

‘There is widespread concern over the global economic outlook, and we must factor that risk into our long-term planning. All this together will mean noticeable change to this organization. That, by definition, is unsettling. These changes will not be easy because they will affect people, budgets, and projects,’ he said.

Licht said during the meeting that there are no plans for future layoffs beyond those in early December ‘at this time.’

A CNN staffer during the meeting said they had been with the company for 20 years and had never seen morale lower than it was right now.

CNN has already made a number of big staffing changes over the last six months that have left employees on edge.

Media reporter Brian Stelter was let go.  Don Lemon was demoted to a morning show. Toxic host Tiffany Cross did not have her contract renewed.

A recent business review of CNN has employees worried that widespread job cuts are coming following the formation of parent company Warner Bros. https://t.co/W9AL0fwOWy

— NEWSMAX (@NEWSMAX) October 27, 2022

And CNN has faced repeated failures of late.  Ratings are in a free fall across the board for the network, and their foray into the digital space bombed spectacularly.  The much hyped, and costly, CNN+ streaming service went belly up less than a month after launch and after hemorrhaging $100 million dollars.

With layoffs underway at major networks and social media platforms, Democrats are losing some of their most loyal and entrenched cheerleaders.

Democrats losing their cheerleaders and cover-up specialists …https://t.co/jpyLLqZoom

— compared2what? (@compared2what2) November 16, 2022

The post CNN Head Confirms Layoffs at the Network as Early as December appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Civil War Looms in Brazil: Far-Left Supreme Court Wants to Axe Minister of Defense for Telling the Truth About Stolen Election
next post
Toxic Ex-MSNBC Host Tiffany Cross Wanted to ‘Take Down’ MSNBC Before Forced Exit

You may also like

Joe Manchin suggests Mitt Romney, Rob Portman as...

February 16, 2024

China’s threats, ‘naked aggression’ loom large as House...

May 27, 2024

Twitter Is STILL Disabling Kari Lake And Other...

December 5, 2022

Johnson backpedals on divisive Senate endorsement after GOP...

February 9, 2024

Update: After Backlash, University of Chicago Appears to...

November 6, 2022

Were They Fighting Over Politics in Their Underwear?...

October 30, 2022

Biden Energy Secretary Granholm pressed on talks with...

August 8, 2023

House Republicans turn up heat on Biden to...

April 12, 2024

Reports of Biden White House keeping ‘sensitive’ Hamas...

May 14, 2024

Biden tanked Jimmy Carter’s nominee for CIA over...

January 20, 2023

Joe Manchin suggests Mitt Romney, Rob Portman as...

February 16, 2024

China’s threats, ‘naked aggression’ loom large as House...

May 27, 2024

Twitter Is STILL Disabling Kari Lake And Other...

December 5, 2022

Johnson backpedals on divisive Senate endorsement after GOP...

February 9, 2024

Update: After Backlash, University of Chicago Appears to...

November 6, 2022

Were They Fighting Over Politics in Their Underwear?...

October 30, 2022

Biden Energy Secretary Granholm pressed on talks with...

August 8, 2023

House Republicans turn up heat on Biden to...

April 12, 2024

Reports of Biden White House keeping ‘sensitive’ Hamas...

May 14, 2024

Biden tanked Jimmy Carter’s nominee for CIA over...

January 20, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • David Gergen, trusted White House advisor to 4 US presidents across decades, dies at 83

      July 11, 2025
    • 3 Stocks Seasoned Investors Should Watch

      July 11, 2025
    • What Happens Next for the S&P 500? Pick Your Path!

      July 11, 2025
    • The First Amendment Protects Ideologically Based Ad Boycotts

      July 11, 2025
    • Who is Ashley Williams, the longtime Biden aide grilled by House GOP investigators Friday?

      July 11, 2025
    • A Dash for Cash: What to Do About Crowdfunding?

      July 11, 2025

    Categories

    • Business (8,454)
    • Investing (2,118)
    • Politics (16,010)
    • Stocks (3,204)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved