NBC News is laying off approximately 150 employees, representing about 7% of its 2,000-person news division. These job cuts, scheduled to begin this week, are a consequence of NBC News preparing to operate independently from its cable siblings, MSNBC and CNBC.
This restructuring is part of a larger plan by the parent company, Comcast, to spin off MSNBC, CNBC, and other cable and digital properties into a new publicly traded company called Versant by the end of the year. NBC News journalists will cease appearing on MSNBC on October 20, marking the end of a long partnership where the two operations shared resources and editorial functions.
The news of these layoffs has created a somber atmosphere at NBC News headquarters, with speculation about who will be affected dominating internal discussions. The network has already implemented smaller cuts in dep... download the app to read more
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