You just hate to see it.
The totally non-biased media company, CNN, is about to see a "bloodbath" as the financial situation at the media giant turns sour.
CNN CEO Chris Licht had to speak to employees during a tense company town hall on Tuesday as the network faces layoffs by early December after he was tasked with finding ways to cut costs.
Licht, 51, addressed questions surrounding the cuts after he previously indicated during the summer that CNN would not face any need to fire staff.
At the town hall, Licht was unapologetic about his earlier indication that there wouldn't be layoffs, but added that he felt he was being honest at the time.
I'm so, so sorry that the government propaganda arm pretending to be objective news is suddenly seeing an economic crisis.
Just when things were looking to be going in the right direction.
Licht has overseen the shutdown of CNN+ in 2022 and a purge of company veterans such as Brian Stelter, Jeffrey Toobin and John Harwood.
He reportedly did not get into specifics about the layoffs but said teams that are not deemed essential to the network's 'core mission' were on the chopping block.
So, say goodbye to all the unnecessary corporate oversight at CNN. All the middle managers and pencil pushers are biting their fingernails because they know they aren't essential to operations.
'As it relates to CNN, there are no layoffs per se. A layoff is a downsizing, where you are given a target, and that is not happening at CNN,' Licht said at a staff-wide event in June.
Then, in October, he wrote a memo that stated 'changes' that affect 'people, budgets and projects' were coming and said there will be a 'noticeable change to this organization.'
'There is widespread concern over the global economic outlook, and we must factor that risk into our long-term planning. All this together will mean noticeable change to this organization. That, by definition, is unsettling. These changes will not be easy because they will affect people, budgets, and projects,' he said.
Licht said during the meeting that there are no plans for future layoffs beyond those in early December 'at this time.'
In June, NO layoffs were happening. Now TONS of them are happening.
Ironic considering the dire economic situation they're in is largely, almost completely, due to the current president they pushed so hard to elect.
It's hard to feel sorry for them since this is what they campaigned for.
According to Puck, Licht has been tasked by his boss David Zaslav to trim $100 million from CNN's budget to appease Warner Bros' Discovery.
A CNN staffer during the meeting said they had been with the company for 20 years and had never seen morale lower than it was right now.
Warner Bros. Discovery is also laying off 1,000 of its 40,000 workers before the year ends.
