CNN begins layoffs in what CEO says will be a ‘gut punch’ to the network | CNN Business

CNN on Wednesday informed employees that layoffs had commenced, a move that is expected to impact hundreds of staffers at the global news network and mark the deepest cuts to the organization in years.

Chris Licht, who took over as chief executive of the network in May, described the cuts in an all-staff memo as a “gut punch” to the organization and told employees that…….Click here to read the source article[read more]

Rising Dough

Rising Dough - the question(s) that we need to think about from the reading.How are all of the layoffs that are occurring going to affect the economy?

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4 thoughts on “CNN begins layoffs in what CEO says will be a ‘gut punch’ to the network | CNN Business”
  1. The layoffs that are occurring now will affect the economy by hurting it due to the decreased spending that will happen due to there being less people working and that means these people will want to be careful with their money as they look for a new job.

  2. Laying off employees can have a significant negative effect on customer retention. Every customer is an asset to any company.

  3. How are all of the layoffs that are occurring going to affect the economy?
    Less employees, higher pay. Higher pay, inflation. Less people with jobs, increased lower class. It could potentially cause an economic class shift.

  4. There laying off the employees because it could affect significant negative effect on customer retention, and then the company could get higher pay from the inflation with less people with jobs, increased lower class. This could cause an economic shift.

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