Post Profile

CNN Trims Digital Sails, Reportedly Planning Cost Cuts And Some Layoffs

CNN, despite booming ratings and profits during the Donald Trump Administration, is acknowledging the limits of its digital reach, cutting back across its digital portfolio through a mix of layoffs and cost reductions. The news first reached employees at a town hall meeting and then was initially reported by Vanity Fair, which said as many as 50 employees across CNN Money and video, production, tech and social units could be affected.
read more


Related Posts

More loss, more layoffs for Yahoo under Bartz

Technology : Venture Beat

Yahoo reported that revenue and profit fell during the first quarter — the first under new chief executive Carol Bartz. In response, the company plans to trim its workforce again, this time by five percent to cut down on expenses. T...

Sources: Cisco planning 15 percent cost reduction this month

Technology : TechCrunch: Enterprise

Sources are telling TechCrunch that Cisco is planning a significant cost reduction this week, which could involve budget cuts and layoffs. We’ve been hearing that the reductions will be announced on August 17th or 18th and that they...

Trump's plan to cut corporate tax would be profit tailwind

Business & Finance : Business Report

Washington - US President Donald Trump’s plan to cut the corporate tax rate to 15 percent would be a tailwind for profitability at Warren Buffett’s Berkshire Hathaway, but won’t fundamentally change how its business units operate, B...

McDonald's To Cut 63 Headquarters Jobs In Cost Reduction

Business & Finance : Business Insider: Money Game

(Reuters) - McDonald's Corp will cut 63 jobs at its corporate headquarters as part of a plan to reduce costs by $100 million as it looks to increase sales and reverse traffic declines in its major markets. The layoffs, reported to t...

ESPN Layoffs Could Reach 400 As Part Of Latest Disney Cuts

Industries / Entertainment Industry : Deadline Hollywood

ESPN just released a statement confirming the cuts, which were first reported by Deadspin. Said the company: “We are implementing changes across the company to enhance our continued growth while smartly managing costs. While difficu...


Entertainment Industry
Copyright © 2016 Regator, LLC