Jobs losses coming at CNN Web sites

Over one hundred dot-com workers can look forward to receiving their marching orders

International news organisation CNN has confirmed that it is going to cut hundreds of jobs, including more than 100 from its Internet operations, as part of an internal reorganisation.

Four hundred jobs will be axed across the organisation, part of the Time Warner group, representing ten per cent of the total workforce. Around a third will go from the CNN.com and CNNfn.com Web sites which will be integrated more closely with CNN's television channels.

Rumours surfaced last week that up to 1,000 employees could be facing the chop, following an internal email warning of "aggressive changes" to the company structure.

This is the latest in a series of job cuts to hit a Web content service, and comes only a day after Internet portal Yahoo! warned of a decline in online advertising.

Earlier this month the New York Times announced plans to slash 69 jobs, or 17 percent of the work force, from its money-losing Internet unit.

Other companies have taken even more extreme steps in their march along the path to profitability, with some US-based dot-coms choosing to end European operations.

For example, despite claims from senior staff that it was meeting all its targets, TheStreet.co.uk was shut down in November 2000 by its American parent TheStreet.com.

And personal investment site The Motley Fool closed its German site earlier this month after failing to find a business partner.

See techTrader for the latest technology investment news, plus quotes and research.

Have your say instantly, and see what others have said. Click on the TalkBack button and go to the ZDNet News forum.

Let the editors know what you think in the Mailroom. And read what others have said.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
See All
See All