Employees at CNN’s new streaming service, CNN+, are reportedly bracing themselves for layoffs in the upcoming months due to low subscription numbers, Fox Business senior correspondent Charles Gasparino reported Wednesday.
The network announced the launching of their streaming platform Tuesday, but it was soon reported that layoffs could occur as early as May. The channel could also be merged into the platform Discovery Plus unless the number of subscriptions increase, according to Gasparino.
“@CNNplus employees bracing for layoffs possibly as soon as May amid projections of lackluster sales of new streaming channel; CNN employees say new streaming channel could be merged into larger @discoveryplus as early as May unless subscriptions pick up to 130,” Gasparino tweeted.
The new streaming service will play live and on-demand shows from the network’s hosts like Anderson Cooper and Poppy Harlow, as well as former Fox News anchor Chris Wallace, basketball player Rex Chapman and radio host Audie Cornish.