Media News

CNBC.com lays off reporting and video staffers

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.

 

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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