CNN begins layoffs amid economic uncertainty; will impact hundreds of employees globally
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The media giant CNN has finally informed employees about layoffs, and the company has started notifying individuals and paid contributors that they have been let go. The move is expected to impact hundreds of staffers at the global news network and mark the deepest cuts to the organisation in years, the company said in an internal memo. CNN CEO Chris Licht described the cuts in an all-staff memo as a "gut punch" to the organisation.