They are “targeting big savings on the digital side,” Vanity Fair notes in its report.
The cuts will affect employees who work in premium businesses including CNN Money, video, product, tech and social publishing.
Also, the team that works on the digital extensions of documentary-style TV shows, such as Anthony Bourdain’s Parts Unknown and Lisa Ling’s This is Life, as well as the Brooke Baldwin series American Woman, is also being “reorganized.”
“We’ve been transparent about our strategy,” said Matt Dornic, spokesman for CNN. “In order to innovate, grow and experiment, we’ve added more than 200 jobs in the past 18 months. Not every new project has paid off so we will stop some activities in order to reallocate those resources and enable future experimentation. Organizations that do not make big bets and continuously evolve are the ones that fail.”