San Francisco: CNN has laid off some employees from its podcast team as the media company refocuses on strengthening its audio business. CNN said in a statement that audio is an important growth area for the company. Alexander McCall, who worked as a product manager at CNN Audio, said in a tweet late on Wednesday that he and other podcasting staffers had been laid off. Snapchat Parent Company Snap To Lay Off Around 1,280 Employees Amid Poor Growth.
“Over the last several years we’ve learned a lot about the topics and productions that most resonate with our audiences. As a result, we’ve refined our strategy to focus our resources more specifically in those areas,” said the media giant.
It, however, did not comment on how many staffers were laid off or which shows will be cut, reports The Verge.
“Realising I’m joining the My company invested heavily in podcasting, and then realised it’s expensive and then didn’t want to pay for that anymore,” he tweeted. “My biggest question: What will become of our team’s work? All the data we recorded, all the things we learned,” McCall added. “It’s just a bummer to watch companies pull the plug on or disinvest from business units that are so young…especially when you’ve seen firsthand the work of so many people to make it profitable, to reach the goal,” McCall further tweeted.
Most of CNN’s podcasts are related to its own shows and hosts. However, the network announced a few new series earlier this year. In April, CNN announced to shut its paid news streaming service within one month of its launch, as it did not generate enough demand in the news consuming world.
(The above story first appeared on Today News 24 on Sep 29, 2022 12:08 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).
