Investing.com -- Warner Bros. Discovery’s CNN is set to lay off hundreds of employees this Thursday as it restructures its business to focus on a global digital audience, according to a report from CNBC citing sources close to the matter.
The layoffs are part of CNN's broader plan to reorganize its linear TV lineup and expand its digital subscription products. The people, who asked to remain anonymous, said the cuts are designed to help CNN reduce production costs and streamline teams.
Additionally, some shows currently produced in New York or Washington might be relocated to Atlanta, where production expenses are lower, the sources added.
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