CNN executed a round of layoffs Wednesday and Thursday, eliminating hundreds of positions including a number of on-air correspondents. CEO Chris Licht told staff Wednesday that a limited number of people, mostly paid contributors, would be given pink slips that day. HLN was first launched in 1982 as CNN2 and later became known as CNN Headline News. Licht warned about impending layoffs in October when he wrote to staff that the company is bracing itself for an economic downturn. “There is widespread concern over the global economic outlook, and we must factor that risk into our long-term planning,” Licht wrote at the time.

Source: CNN December 02, 2022 16:11 UTC