CNN Cuts 100 Jobs as Ratings Plummet
Embattled left-wing news outlet rumored to axe large number of employees
Embattled hyper-partisan news outlet CNN is rumored to be axing over 100 jobs as the cable network struggles with plummeting viewing figures.
CNN reporter Brian Stelter confirmed that "about 100 people opted for" - what he called - "voluntary buyouts throughout the organization" in a bid to quash swirling rumors of involuntary job cuts, claiming there are “no layoffs.”
The rumors suggest that CNN is actually planning to cut up to 300 jobs, however, with "many being older employees with years at the network," according to a Monday report.
FTVLive, a website that monitors the television industry, is reporting that "just under 200 people will be pink slipped and just over 100 will be offered a buyout."
Staffers are reportedly calling the cuts a "massive brain drain" due to the large number of veteran employees being given pink slips.
There's a rumor making the rounds today about big impending layoffs at CNN. A CNN spokeswoman is knocking it down on the record: "No layoffs." There WERE voluntary buyouts throughout the organization, and about 100 people opted for it.— Brian Stelter (@brianstelter) May 6, 2019
Despite the public spin on the wording, buyouts are widely considered layoffs with some compensation attached.
According to Breitbart, “voluntary buyout” is just corporatespeak for “layoff.”
Generally, if “buyouts” aren’t accepted by enough employees, layoffs follow.
For all we know, CNN could have offered these 100-plus employees $1 just to call it a buyout.
If CNN refuses to tell the truth about its own layoffs, about something so obvious, you can only imagine the lies CNN is willing to tell about things that actually matter.
In worse news, Deadline reports [emphasis added] that “more than 100 seasoned workers at the cable news network” lost their jobs — meaning veterans, old hands, those who have been around a while.
Deadline also makes clear that these “buyouts” are layoffs because CNN’s new parent company AT&T is looking to restructure and reduce debt.
Deadline adds [emphasis added], “The buyouts are consistent with similar offerings at HBO and Turner and will see dozens of seasoned employees leave the news brand.” So…
It is only “dozens” at other divisions, but CNN got hit with “more than 100.”
Also of interest is the news that some of CNN’s broadcast operations have moved to Hudson Yards in Manhattan.
Here’s a Google Map of that location, which once again proves CNN does not believe in Global Warming.
If CNN truly believed sea levels are about to rise, why move right on the water?
This is just more bad news for a cable channel that lost 25 percent of what had already been a minuscule audience after the Mueller Report debunked the Russia Collusion Hoax, which dominated the basement-rated channel’s programming for two years.
In fact, ever since CNN chief Jeff Zucker took over, the last-place channel has gotten every major story of the last five-plus years completely wrong:
- The Trayvon Martin Hoax
- The Hands Up, Don’t Shoot Hoax
- The Russia Collusion Hoax
- The Brett Kavanaugh Serial Rapist Hoax
- The Covington High School Boys Hoax
Throughout the country, due to its bias and fake news, the one-time Most Trusted Name In News is now widely seen as a joke, a national punchline, shorthand for everything that’s gone wrong with the establishment media.
CNN launches almost daily hate campaigns against its political enemies on the right — most especially Trump, his supporters, and gun owners (including rape victims) — and openly encourages and embraces political violence and conspiracy theories to achieve its left-wing goals.
Throughout last month, CNN averaged only 767,000 prime time viewers, less than a third of the 2.4 million who tuned into Fox News.
Nevertheless, even though fewer than one million people watch the fake news network, the cable TV game is rigged so that 90 million subsidize CNN.