CNN workers just got the worst kind of bad news. Major layoffs are coming. Look, CNN is going through a merger with AT&T.
Mergers, ask anyone who has been downsized, usually mean a bloodbath. Adding to CNN’s misery is the fact that their ratings are sinking like a stone after they gambled and lost ion the Russian hoax.
CNN wants to call these voluntary buyouts but that is just PR nonsense. Corporations, before they announce mass layoffs, will usually offer buyouts first - these could be one month pay or 6 months or just a few dollars.
It is all for the public relations battle, but if you want the truth… ask a worker who just took a voluntary buyout rather than get fired what is the difference between the two? There is none… and this was predictable after CNN’s ratings took a hit after the Russian hoax imploded.
From Breitbart: Far-left CNN announced Monday that more than 100 jobs have been axed at the ratings-challenged cable network.
These job cuts are being spun by Brian Stelter, CNN’s left-wing media reporter (who regularly spreads fake news and conspiracy theories), as “no layoffs” but rather “voluntary buyouts throughout the organization, and about 100 people opted for it.”
The only problem with that spin is that buyouts are layoffs with some compensation attached. In other words, “voluntary buyout” is corporatespeak for “layoff.” Generally, if “buyouts” aren’t accepted by enough employees, layoffs follow. For all we know, CNN could have offered these 100-plus employees $1 just to call it a buyout.
If CNN refuses to tell the truth about its own layoffs, about something so obvious, you can only imagine the lies CNN is willing to tell about things that actually matter.
In worse news, Deadline reports [emphasis added] that “more than 100 seasoned workers at the cable news network” lost their jobs — meaning veterans, old hands, those who have been around a while.
Deadline also makes clear that these “buyouts” are layoffs because CNN’s new parent company AT&T is looking to restructure and reduce debt.
Deadline adds [emphasis added], “The buyouts are consistent with similar offerings at HBO and Turner and will see dozens of seasoned employees leave the news brand.” So…
It is only “dozens” at other divisions, but CNN got hit with “more than 100.”
There's a rumor making the rounds today about big impending layoffs at CNN. A CNN spokeswoman is knocking it down on the record: "No layoffs." There WERE voluntary buyouts throughout the organization, and about 100 people opted for it.
— Brian Stelter (@brianstelter) May 6, 2019