Layoffs Hit CNN as Cost-Cutting Pressure Mounts
Briefly

CNN on Wednesday began a long-awaited series of job-cuts, as the network's parent company looks to reduce spending amid pressure from investors.In a memo to employees, the network's chairman Chris Licht said that some people, primarily paid contributors, would be notified of the cuts on Wednesday.Others will be notified on Thursday, Mr. Licht wrote, with additional details to follow that day.
Read at www.nytimes.com
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