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Economy
CNN Worldwide to lose 300 positions
2014-10-07
[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

#7  Feel good story of the day!
Posted by: mossomo   2014-10-07 19:20  

#6  Ten times the money if he's transgender. Hold out Stanley, don't sign anything !
Posted by: Besoeker   2014-10-07 15:35  

#5  Stanley Wilson, described as a "51-year-old African- and Latino-American,"

Stanley Wilson for the Hat Trick!!!
Do yourself a favor and just give him the money right now...
Posted by: tu3031   2014-10-07 15:31  

#4  The layoffs are targeting people aged 55+.

i.e. This is also illegal. Have fun Mr. Turner.
Posted by: frozen al   2014-10-07 13:24  

#3  And exactly why is that bad news?
Posted by: JohnQC   2014-10-07 12:06  

#2  Political tampons do not actually relate to the World. They do not last long.
Posted by: newc   2014-10-07 01:08  

#1  They won't report 'live' from West Africa.
Posted by: Skidmark   2014-10-07 00:36  

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