Layoffs at CNN after tough year

CNN on Wednesday began a long-awaited series of job cuts, as the network’s parent company looks to reduce spending amid pressure from investors.

In a memo to employees, the network’s chairman, Chris Licht, said that some people, primarily paid contributors, would be notified of the cuts Wednesday. Others will be notified Thursday, Licht wrote, with additional details to follow that day. The cuts come as CNN lags behind its chief competitors, Fox News and MSNBC, in total viewership.