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CNN lays off 6% workforce, seeks future stability

CNN lays off 6% of workforce, about 200 jobs, as part of strategy to secure future amid audience shifts.

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CNN lays off 6% of workforce, about 200 jobs, as part of strategy to secure future amid audience shifts.

CNN has announced the elimination of approximately 200 jobs, constituting about 6% of its workforce, in a move aimed at securing the network’s future.

CEO Mark Thompson described the layoffs as a necessary step in response to “irreversible shifts” in news consumption. He stated that the objective is to realign CNN with the platforms and products that audiences increasingly prefer.

[stockdio-historical-chart stockExchange=”USA” symbol=”wbd” displayPrices=”Lines” performance=”false” allowPeriodChange=”false” height=”350px”]

Thompson stressed the importance of high-quality news sources and noted that the changes are essential for maintaining trustworthiness in journalism. While on-air talent will remain unaffected, the network is investing $70 million from its parent company, Warner Bros. Discovery, into new digital plans, leading to future job opportunities.

The network intends to develop a new streaming service, allowing for greater audience access to CNN’s content.

Thompson acknowledged the difficult nature of the layoffs and expressed regret regarding the personal impact on employees.

As CNN continues to adapt to the evolving media landscape, it aims to enhance its digital presence while investing in quality journalism. The recent job cuts are seen as a pivotal moment in this transformation process, despite the acknowledgment of their unwelcome nature.

The network’s ratings challenges have been significant, culminating in its lowest audience in history for 2024. Despite these cuts, CNN is determined to support impacted staff members and maintain its commitment to journalism excellence in the changing environment.

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US–China trade talks are a handshake, not a deal

Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.

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Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.


Presidents Trump and Xi extend their tariff truce in an informal meeting, with US cuts and Chinese promises on soybeans, fentanyl, and rare earths.

Steve Gopalan from SkandaFX cautions this is unofficial and deeper issues between the two super powers remain.

#USChina #TradeTruce #Tariffs #GlobalMarkets #Soybeans #RareEarths #UnofficialDeal #TickerNews


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Markets cautious as rate cut hopes fade

Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.

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Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.


Central banks pull back on rate cut expectations as tech stocks wobble and inflation pressures persist. Markets adjust cautiously to the Fed’s new tone.

#Markets #Fed #InterestRates #Inflation #TechStocks #CapitalMarkets #TickerNews #Economy #FinancialUpdate


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Trump and Xi strike temporary trade truce after six years

Trump and Xi establish temporary trade truce, reducing tariffs and enhancing U.S. exports amid lingering economic tensions.

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Trump and Xi establish temporary trade truce, reducing tariffs and enhancing U.S. exports amid lingering economic tensions.


President Donald Trump and Chinese leader Xi Jinping have agreed to a temporary trade truce, cutting tariffs and boosting U.S. exports.

Analysts remain cautious, warning deep economic divides still linger.

#Trump #XiJinping #TradeDeal #USChinaRelations #Tariffs #GlobalTrade #Economy #Soybeans #RareEarths #TickerNews


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