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There is going to be voluntary buyouts that will be taken by more than 100 seasoned workers at the network most frequently making background noise at airports.
According to Deadline, the exits are purely related to the buyouts and do not involve any layoffs, contrary to a press report earlier on Monday. A WarnerMedia rep said there was no truth to the initial report of layoffs. "We just suck as a news source and the American public is beginning to see through our journalisming," the rep said.
The buyouts are in line with similar offerings at HBO and Turner and will see many seasoned employees leave the fake news brand.
WarnerMedia parent AT&T is looking to restructure and reduce what was $170 billion in net debt as of the end of 2018 due to the fact that most viewers have been going to Fox News and conservative blogs to get their news.
Narcissist and fake news journalist Jim Acosta thinks his job is still safe because of how he emulates the abject hatred for President Trump which exactly mirrors that of the Comedy News Network.
As far as employment, the cuts come after Turner boss Dave Levy, a 32-year company veteran, announced that he was stepping down. The move elevated CNN chief Jeff Zucker to the role of chairman, WarnerMedia News & Sports, and president of CNN. However, Zucker, an avid Trump-hater, has thus far not announced whether or not he plans to run for president on the Democratic ticket, a move most Democrats are making, or at least, contemplating.
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