Jan 22 (Reuters) - CNN, a unit of Warner Bros Discovery ( WBD )
, plans to lay off hundreds of employees on Thursday, as
it refocuses the business around a global digital audience, CNBC
reported on Wednesday, citing people familiar with the matter.
The job cuts come as CNN looks to rearrange its linear TV
lineup and build out digital subscription products, CNBC said,
adding that the move will help CNN lower production costs and
consolidate teams.
Some shows produced in New York or Washington may move to
Atlanta, where production can be done more cheaply, the report
added.
NBC News, owned by Comcast ( CMCSA ), is also planning
job cuts later this week, according to the report. While there
is no exact number, the layoffs will be well under 50.
Comcast ( CMCSA ) and Warner Bros Discovery ( WBD ) did not immediately
respond to Reuters requests for comment on the report.
The Washington Post, owned by Amazon.com founder
Jeff Bezos, said earlier this month it would lay off about 4% of
its workforce or less than 100 employees in a bid to cut costs,
as the storied newspaper grapples with growing losses.
In November, the Associated Press said it would cut about 8%
of its workforce as it looks to modernize its operations and
products.