Struggling CNN laying off dozens of employees after missing revenue goals

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February 12, 2018

Struggling CNN laying off dozens of employees after missing revenue goals

CNN is preparing to lay off dozens of employees after missing projected revenue goals, a new report reveals.

Up to 50 CNN employees are going to be out of work this week, Vanity Fair reports. The cuts will target “employees who work in premium businesses including CNN Money, video, product, tech and social publishing,” according to the report.

CNN is also scaling back the company’s investment in its business app, CNN MoneyStream.

For years the liberal leaning network has been called the Clinton News Network by many conservatives. CNN may have featured a conservative news anchor but I don’t remember who or when.

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February 12, 2018 in Business News and Information, Television and Radio | Permalink