CNN has announced a new plan that will not only change the entertainment industry but also aims to impact jobs. CNN has established a solid reputation as a reliable source of breaking news. According to Deadline, the esteemed channel network has recently stated that they are preparing to put all efforts into creating a new streaming platform; unfortunately, 200 jobs are expected to be eliminated as part of a company-wide restructuring.

According to Deadline, CNN’s CEO, Mark Thompson, wrote a memo on what the plan will be, “Our objective is a simple one: to shift CNN’s gravity towards the platforms and products where the audience themselves are shifting and, by doing that, to secure CNN’s future as one of the world’s greatest news organizations. America and the world need high quality, fair-minded, trustworthy sources of news more than ever. This difficult and sometimes painful process of change is the only way to make sure we can still provide it.”

Since Thompson joined the company in 2023, the CNN website has been constantly improving and upgrading to help improve video quality that explores a new lifestyle. According to Deadline, the channel plans to increase viewership by working with various distributors, including cable and satellite operators, to bring the plan to market.

According to Deadline, Thompson further clarified, “Yes, there are job-losses – around 6% of the current CNN workforce will be impacted – but we don’t expect total headcount to fall much this year, if at all. That’s because of the $70 million we’re investing in our digital plans and the many new jobs it will pay for. Some of that money’s going in product and tech, but a lot is also going into new high-quality journalism and storytelling.”

While the CEO and the rest of the CNN team’s approach to bringing the streaming platform to light remains strong, the large job cut could unintentionally negatively impact them.