‘About 170′ layoffs at CNN; headcount will be reduced by 300


Layoffs hit CNN Tuesday, with cuts affecting multiple divisions throughout the far-flung news network, Alex Weprin writes for Capital.

According to Capital, “a number of shows” have been axed, and the Time Warner-owned network has closed its entertainment unit. There will be “about 170″ layoffs on top of the 130 buyouts that senior employees have already taken, Weprin writes. Turner Broadcasting, CNN’s parent company, will trim its headcount by “nearly 1,500,” according to the Capital report.

Taken together, the buyouts and layoffs mean 300 fewer employees for the network, a number that was projected earlier this month by “Reliable Sources” host Brian Stelter.… Read more

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