CBS News to Announce Layoffs Next Week

From: LA Times

“CBS News employees are bracing for a significant round of layoffs that will hit the news division next week, according to multiple sources. The budget tightening is expected to affect every newscast, including “60 Minutes,” the network’s crown jewel, although that show will likely suffer minimal losses.

People familiar with discussions about the cuts inside the news division have heard that the total number who could lose their jobs could reach as high as 100, or 7% of the approximately 1,400-person staff. A news executive disputed that, saying the final figure would be considerably lower.”

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