07:55 AM EST, 01/23/2025 (MT Newswires) -- Warner Bros. Discovery's ( WBD ) CNN plans to cut hundreds of jobs as part of its strategy to shift to a global digital audience, CNBC reported Thursday, citing people familiar with the matter.

The layoffs will help CNN to reduce production costs and consolidate teams, the sources said and added that shows may relocate production from New York and Washington to Atlanta to reduce costs. High-profile on-air talent under contract will largely be unaffected.

Comcast's ( CMCSA ) NBC News is also planning job cuts this week, though the total is expected to be less than 50, the report said.

CNN and NBC News did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)