CNN set for layoffs: report

The Hill | Feb. 12, 2018

CNN, which just one year ago was touting an ambitious digital strategy, is planning to lay off as many as 50 people, Vanity Fair reported on Monday.

The layoffs are expected to come this week and will hit CNN staff around the world who work on digital businesses such as CNN Money, video, product, tech and social publishing, the magazine reported. The exact number of layoffs is still not clear.

According to Vanity Fair’s reporting, CNN will curtail some high-profile digital initiatives such as their virtual reality and Snapchat production efforts.

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