CNN has informed employees that layoffs are underway as parent company Warner Bros. Discovery (WBD) looks to slash $3 billion worth of costs over the next two years.
According to an internal memo obtained by Yahoo Finance, CNN CEO Chris Licht wrote to employees on Wednesday: “Our people are the heart and soul of this organization. It is incredibly hard to say goodbye to any one member of the CNN team, much less many.”
“I recently described this process as a gut punch, because I know that is…
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