CNBC.com has laid off slightly more than a dozen editorial staffers in its digital and video operations on Tuesday.
The cuts represent about 3 percent of its U.S workforce, which less than 20 employees. Some of the cuts were reporters.
The business news channel is reducing its overall digital content and coverage in areas that are not core to its priorities and have not generated audience growth and revenue. It plans to focus on its core strengths of business news and personal finance.
The company said it is still very committed to investing in its digital business and that the layoffs will allow it to create a structure that is sustainable.
According to Semrush.com, CNBC.com had 153.6 million page views in September, up 17 percent from August. More than three-fourths of its traffic comes from the United States.
Jay Yarow is the senior vice president and executive editor at CNBC’s digital operation.