CNN Expected To Announce Substantial Job Cuts

Group 1 - CNN is expected to announce significant job cuts this week as part of CEO Mark Thompson's restructuring plans to focus on digital initiatives [1][2] - The job reductions could number in the hundreds, following a previous layoff round last year that impacted about 100 employees, or 2.9% of its 3,500 workforce [2] - CNN has been exploring new revenue streams, including the launch of a paywall on CNN.com, while facing challenges with declining ratings on its linear network [3] Group 2 - Job reductions in the media industry have become common due to a decrease in advertising revenue and audience migration to other platforms [4] - The media landscape is undergoing significant changes, with companies like MSNBC being spun off from parent Comcast, indicating a broader trend in the industry [4]