'CNBC To Unify Digital And Tv News Operations In A Move That Would Result In Layoffs Affecting Nearly A Dozen Employees, Sources Say' - Reuters Exclusive
Benzinga Newsdesk 8 months ago
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CNBC is restructuring its newsroom to unify its TV and digital operations in a move that would result in nearly a dozen layoffs including the departure of the website's managing editor, Jeff McCracken, four sources
CNBC is restructuring its newsroom to unify its TV and digital operations in a move that would result in nearly a dozen layoffs including the departure of the website's managing editor, Jeff McCracken, four sources familiar with the matter told Reuters.
The cuts are part of a re-haul under Editor-in-Chief David Cho, as CNBC prepares to introduce a paywall on its website, the sources said, requesting anonymity because the information was not public.
The layoffs are not aimed at cutting costs and the news organization plans to add some 40 roles in the coming year, according to two of the sources.
CNBC and McCracken declined to comment.