CNN and NBC Information to put off staff, CNBC studies

(Reuters) -CNN, a unit of Warner Bros Discovery (NASDAQ:WBD), plans to put off tons of of staff on Thursday, because it refocuses the enterprise round a world digital viewers, CNBC reported on Wednesday, citing individuals accustomed to the matter.

The job cuts come as CNN appears to rearrange its linear TV lineup and construct out digital subscription merchandise, CNBC stated, including that the transfer will assist CNN decrease manufacturing prices and consolidate groups.

Some reveals produced in New York or Washington could transfer to Atlanta, the place manufacturing could be performed extra cheaply, the report added.

NBC Information, owned by Comcast (NASDAQ:CMCSA), can be planning job cuts later this week, based on the report. Whereas there isn’t any actual quantity, the layoffs will probably be properly below 50.

Comcast and Warner Bros Discovery didn’t instantly reply to Reuters requests for touch upon the report.

The Washington Submit, owned by Amazon.com (NASDAQ:AMZN) founder Jeff Bezos, stated earlier this month it might lay off about 4% of its workforce or lower than 100 staff in a bid to chop prices, because the storied newspaper grapples with rising losses.

In November, the Related Press stated it might minimize about 8% of its workforce because it appears to modernize its operations and merchandise.