CNN to lay off hundreds of employees, CNBC reports

(Reuters) -CNN, a unit of Warner Bros Discovery (NASDAQ:), plans to lay off hundreds of employees on Thursday, as it refocuses the business around a global digital audience, CNBC reported on Wednesday, citing people familiar with the matter.

The job cuts come as CNN looks to rearrange its linear TV lineup and building out digital subscription products, CNBC said, adding that it will help CNN lower production costs and consolidate teams.

Some shows produced in New York or Washington may move to Atlanta, where production can be done more cheaply, the report said.

NBC News, owned by Comcast (NASDAQ:), is also planning job cuts later this week, according to the report. While there is no exact number, the layoffs will be well under 50.

Comcast and Warner Bros Discovery did not immediately respond to Reuters requests for comment on the report.