(Reuters) -CNN, a unit of Warner Bros. Discovery (NASDAQ:), plans to lay off hundreds of employees on Thursday as it refocuses its business around a global digital audience, CNBC reported on Wednesday, citing people close to the file.
The job cuts come as CNN seeks to revamp its linear television lineup and develop digital subscription products, CNBC said, adding that the move would help CNN reduce its production costs and consolidate its teams.
Some shows produced in New York or Washington could move to Atlanta, where production can be done more cheaply, the report added.
Comcast-owned NBC News is also planning job cuts later this week, according to the report. Although there is no exact number, the layoffs will be well below 50.
Comcast and Warner Bros. Discovery did not immediately respond to Reuters’ requests for comment on the report.
The Washington Post, owned by Amazon.com (NASDAQ:) founder Jeff Bezos, announced earlier this month that it would lay off about 4% of its workforce, or fewer than 100 employees, in an effort to reduce its costs, while the famous newspaper struggles with increasing growth. losses.
In November, The Associated Press announced it would cut about 8 percent of its workforce to modernize its operations and products.