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CNN Worldwide to lose 300 positions
 [Washington Post] CNN media correspondent Brian Stelter brings some in-house news: CNN Worldwide will trim its workforce by approximately 300 positions, or about 8.5 percent of the unit's 3,500-strong labor force. CNN Worldwide includes CNN U.S., CNN International, HLN, CNN Digital and others. The cutbacks are part of a bigger cost-cutting initiative at CNN Worldwide's parent company, Turner Broadcasting. Buyout packages, layoffs and "other measures," according to Stelter, will accomplish the shrinkage.The move to cut costs at Turner and CNN has been no secret. Earlier this year, CNN Worldwide President Jeff Zucker told his people that they'll have to do less with less, a nice break from the more-with-less management cliche. What parts of the CNN operation will absorb the pain remains to be seen. As we've reported before, CNN's digital politics shop was undergoing a reinvention with a host of new hires that don't appear to be affected by the latest downsizing. Posted by: Fred 2014-10-07 |
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