Economic news

CBS News to Lay Off 6% of Workforce, Source Says

March 20 (Reuters) - CBS News will lay off about 6% of its ​workforce, a source familiar with the matter told Reuters, in the latest ‌move under new Editor-in-Chief Bari Weiss to revamp the network and boost its ratings to catch up with rivals ABC and NBC.

"It's no secret that the news business ​is changing radically, and that we need to change along with ​it," according to a memo sent on Friday to employees by ⁠Weiss and CBS News President Tom Cibrowski that was seen by Reuters.

CBS News Radio, ​which has been around for nearly a century, will shut down on May ​22, with all positions within the unit eliminated, according to a separate internal note.

It was not immediately clear how many employees were part of the unit or which other ​programs would be affected by the layoffs.

High-profile journalists such as "60 Minutes" correspondent Anderson ​Cooper have parted ways with CBS News since Weiss took over as the network's new editor-in-chief ‌in ⁠October, following Paramount Skydance's purchase of her outlet The Free Press.

Weiss is looking to revamp the newsroom and bring on a "streaming mentality" to the network. She unveiled her strategy in January to add 19 new contributors while ​focusing on restructuring operations ​and starting news ⁠coverage on digital platforms.

Employees who are affected by the latest layoffs are expected to be notified by the end ​of the day, the memo said.

"New audiences are burgeoning ​in new ⁠places, and we are pressing forward with ambitious plans to grow and invest so that we can be there for them ... parts of our newsroom must ⁠get ​smaller to make room for the things we ​must build to remain competitive," the memo said.

Variety first reported the news on the workforce reduction.

Reporting ​by Harshita Mary Varghese in Bengaluru; Editing by Devika Syamnath and Anil D'Silva

Source: Reuters


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree