Massive layoffs coming soon: CNN to sack hundreds including top stars due to dismal election ratings

CNN is reportedly facing significant layoffs as part of a major restructuring effort which is actually aimed at reviving its struggling reputation following disappointing US Presidential election ratings, reported DailyMail. According to a report from Puck, CNN executives are planning to cut hundreds of jobs which will specifically affect the production staff while on the other hand, on-air talent might also see some major changes.

DailyMail reported that this comes following the network's viewership eventually plummeted with only 5.1 million viewers on the night of US Presidential Elections while severely trailing behind MSNBC and Fox News.

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The new CNN CEO Mark Thompson who had taken over in August is actually leading the charge for recent changes which eventually includes a shift towards prioritizing digital content. CNN noted that various high-profile anchors like Anderson Cooper and Erin Burnett have uncertain futures while reports revealed that some senior stars have been also denied raises.

The CNN layoffs are expected to be implemented within the upcoming few months while it is creating a climate of anxiety among the employees. At the same time, Chris Wallace's departure also adds to the turmoil while he confirmed that his contract would not be renewed as he considers a transition to podcasting, asserted DailyMail.

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FAQs:

Which network is planning to fire numerous employees pretty soon?
CNN is reportedly facing significant layoffs as part of a major restructuring effort which is actually aimed at reviving its struggling reputation following disappointing US Presidential election ratings.

Who is the new CEO of CNN and what is he doing recently?
The new CNN CEO Mark Thompson who had taken over in August is actually leading the charge for recent changes which eventually includes a shift towards prioritizing digital content.