CNBC Lays Off Small Number of Editorial Employees
#CNBC layoffs #David Cho #Jeffrey McCracken #editorial restructuring #Versant-backed #media industry #newsroom changes #editorial hiring
📌 Key Takeaways
- CNBC laid off less than a dozen editorial employees
- David Cho is the new editor in chief overseeing the restructuring
- Jeffrey McCracken, managing editor of digital-news venues, is among those departing
- CNBC plans to hire more than 40 new editorial roles in the coming year
- The company states the changes are not driven by cost cutting
📖 Full Retelling
CNBC laid off less than a dozen editorial employees on February 26, 2026, as the Versant-backed cable network reviews its structure under new editor in chief David Cho, with managing editor of digital-news venues Jeffrey McCracken among those departing due to the reorganization. According to a person familiar with the matter, the layoffs come as CNBC undergoes organizational changes under its new leadership. In a statement, CNBC clarified that 'the changes made today are to align CNBC's newsroom structure for the future, they are not driven by cost cutting.' The network further announced its intention to 'hire more than 40 new editorial roles over the next year across TV, Digital and direct-to-consumer platforms,' suggesting that while some positions are being eliminated, the company is actually expanding its editorial workforce overall.
🏷️ Themes
Media Restructuring, Editorial Changes, Network Expansion
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Connections for David Cho:
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Mass media
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Versant
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Original Source
Feb 26, 2026 9:30am PT CNBC Lays Off Small Number of Editorial Employees By Brian Steinberg Plus Icon Brian Steinberg Senior TV Editor bristei Latest NBC Expects Savannah Guthrie’s ‘Today’ Return, but Timeline Remains Uncertain 3 hours ago Hoda Kotb to Continue at ‘Today’ in Savannah Guthrie’s Absence 19 hours ago Paramount Skydance Sees Q4 Loss Widen After TV Downturn Amid New Effort to Acquire Warner 20 hours ago See All CNBC laid off less than a dozen editorial employees as the Versant -backed cable network reviews its structure under a new editor in chief, David Cho. Among those who will depart because of the reorganization is Jeffrey McCracken, managing editor of CNBC’s digital-news venues, according to a person familiar with the matter. “The changes made today are to align CNBC’s newsroom structure for the future, they are not driven by cost cutting. We expect to hire more than 40 new editorial roles over the next year across TV, Digital and direct-to-consumer platforms.,” CNBC said in a statement. Popular on Variety Related Stories Ed Helms and Nat Wolff Join Rachel Zegler in Comedy Drama 'She Gets It From Me'
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