CNN staffers have been left scared and frustrated after hearing the struggling network will undergo budget cuts and layoffs.
Stars including Jake Tapper and Wolf Blitzer have reportedly been denied raises on their multi-million-dollar salaries as the biggest names on the network fear for their futures.
A longtime CNN employee told Fox News that after news of the layoffs spread, staff across the company are left feeling very sad and deeply frustrated.
Feelings which are pervasive throughout the organization among those who have been here a long time and feel a deep personal connection to having helped build the organization, the anonymous staffer added.
CNN staffers have been left scared and frustrated after hearing the struggling network will undergo budget cuts and layoffs
Stars such as Anderson Cooper, seen during CNNs town hall with Kamala Harris in October, could see their multi-million-dollar wages hit as staff fear the cuts could hit all levels of the network
News of CNNs budget cuts and layoffs first spread after an explosive report from Puck News, warning that network executives are set to take drastic action to save the companys flailing reputation.
Although there is no mention of who may be on the chopping block, it is feared that the cuts could hit everyone from low-level staff to those such as Cooper and his $20million-a-year salary.
In the next few months, I’m told, CNN will implement another round of layoffs that will impact hundreds of employees across the organization, reporter Dylan Byers wrote Friday, referencing CNNs recent 100-person layoff seen over the summer.
The fresh round of firings, the insiders said, will be more geared toward the production side of things.
Sources added to Fox News that the layoffs would be implemented by March and they would include very meaningful names to the rest of the staff at the company.
Its a time of a complete and utter business model overhaul and chaos. Extremely difficult even under the best circumstances, they added.
Although no major figures such as anchor Kaitlan Collins (pictured) have been named, insiders said the layoffs would include very meaningful names to the rest of the staff at the company
A second CNN staffer told the outlet that they blame CEO Mark Thompson for the move, after he took the helm at the company just over a year ago and was immediately clear in his intention to change their approach.
I am worried because the industry is obviously in trouble... Im sure there will be cuts, the second insider said.
Amid rumors the cuts will hit CNNs most expensive shows, the staffer suspected more shows will be streamlined and produced out of Atlanta to cut down on costs.
Disgruntled workers fear they may be expected to pick up the slack of their fired former co-workers, and Puck News reported how on-air workers will be asked to assume more of the responsibilities once handled by teams of producers and production assistants.
Redundant assignments will be nixed, and various divisions will be reduced or even eliminated.
Some of the on-air talents are also likely to be affected, the bombshell report warned.
Insiders said the move has been driven by CNN CEO Mark Thompson, who took the hot seat at the company just over a year ago
The Puck report also named Thompson as the driving force behind the move.
A former New York Times boss brought in to overhaul the network under its Warner Bros. Discovery parent. Thompsons start has struggled since this past August when ratings have fallen more than 20 percent.
Under Licht - a tenure that lasted a little over a year - the station fell from being the most-watched cable news network on election nights, to one of the least.
In 2016, when it was headed by since-ousted leader Jeff Zucker, it was the most watched network overall - a distinction thats now held by Fox News.
At the time, CNN had averaged 13.3million viewers in primetime. Today, its only around 800,000.
Right-leaning Fox hosts like Laura Ingraham, Jesse Watters, Sean Hannity, and Greg Gutfeld, meanwhile, are averaging 2.8 million viewers in the same timeslots - the most in a field thats currently being affected by streaming and other forms of media.
Adding insult to injury was CNNs struggles on election day - a day that eight years ago wouldve seen it score a decisive ratings victory.
However, following a Trump presidency and a term from the Biden Administration, it lost to MSNBC in terms of ratings - something never seen before as it only drew in 5.1million sets of eyes that night.
MSNBC, meanwhile, raked in 6million - a number eclipsed almost twofold by Fox News 10.3million.
The numbers, aired this week in the form of Nielsen statistics, appear to show a shifting field when it comes to cable news - one seemingly set to continue with Trumps second term in office.
It comes after longtime host Chris Wallace did not have his $8.5 million-a-year contract renewed amid the budget cuts
It was revealed Monday that longtime host Chris Wallace would not have his $8.5 million-a-year contract renewed, with the 77-year-old confirming the development in an interview with the Daily Beast as he pondered a full-time podcasting career.
This is the first time in 55 years I‘ve been between jobs, he said that same day. I am actually excited and liberated by that.
As for other high-paid figures like Cooper and Burnett, their fates remain uncertain.
Days earlier, The Ankler had reported that Tapper and Blitzer were denied raises, and that officials were mulling a pay cut for Wallace.
The newsletter also revealed how Tapper was instead resigned to a three-year contract - one that would seem him paid the same $7million annually that he had earned in years past.