CNN to lay off hundreds of employees as post-inauguration transformation begins, sources say

Warner Bros. Discovery’s CNN plans to lay off hundreds of employees Thursday as it refocuses the business around a global digital audience, according to people familiar with the matter.

The layoffs come as CNN is rearranging its linear TV lineup and building out digital subscription products. The cuts will help CNN lower production costs and consolidate teams, said the people, who spoke on the condition of anonymity to discuss nonpublic changes.

The network has planned to reshuffle its programming as it seeks to retain its audience and cut costs. CNN has considered shifting Wolf Blitzer, now its longest-standing anchor, from the afternoon to the morning and move Jim Acosta—who is hated by Pres. Donald Trump—to a graveyard midnight shift. [DAILYBEAST/CNBC]