CNBC introduced a restructuring of its newsroom on Thursday, with layoffs which can be stated to affect lower than 12 editorial staffers.
“The changes made today are to align CNBC’s newsroom structure for the future, they are not driven by cost cutting,” a CNBC spokesperson stated. “We expect to hire more than 40 new editorial roles over the next year across TV, Digital and direct-to-consumer platforms.”
The modifications are being made underneath David Cho, who was employed as editor in chief final 12 months.
Reuters, which first reported on the restructuring, additionally reported that amongst these leaving are the web site’s managing editor, Jeff McCracken.
CNBC was among the many cable networks that have been spun off by Comcast into a brand new entity, Versant. Versant began buying and selling on NASDAQ in early January.