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CNN to lay off hundreds of employees as post-inauguration transformation begins, NBC News is also planning layoffs this week

Both CNN and NBC News are planning layoffs this week as newsrooms transition away from linear TV toward digital audiences.

Discovery's CNN plans to lay off hundreds of employees Thursday as it refocuses the business around a global digital audience, according to people familiar with the matter. During a town hall meeting earlier this month, CNN CEO Mark Thompson said the media company has received an investment of "more than $70 million" from Warner Bros. Part of that investment will go toward hiring employees in areas where CNN sees potential growth avenues, such as data scientists and product development.

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