CNBC is restructuring its newsroom with layoffs affecting fewer than 12 editorial staff
The company plans to hire over 40 new editorial roles across multiple platforms
Editor in chief David Cho is leading the restructuring effort
CNBC was recently spun off from Comcast into Versant, which began trading on NASDAQ in January
📖 Full Retelling
CNBC announced a restructuring of its newsroom on Thursday, resulting in layoffs that will impact fewer than 12 editorial staff members, according to a spokesperson who emphasized the changes are meant to align the news organization's structure for future growth rather than cost-cutting measures. The restructuring comes under the leadership of David Cho, who was hired as editor in chief last year. Despite the departures, CNBC plans significant expansion, expecting to hire more than 40 new editorial roles across TV, Digital and direct-to-consumer platforms over the next year. Among those leaving is Jeff McCracken, the website's managing editor, as reported by Reuters which first broke the story of the restructuring. This organizational change occurs as CNBC was recently spun off by Comcast into a new entity called Versant, which began trading on NASDAQ in early January, marking a significant transition for the financial news network as it positions itself for future growth in an evolving media landscape.
🏷️ Themes
Media Restructuring, Organizational Change, Industry Adaptation
# Mass Media
**Mass media** refers to the various technologies and channels designed to reach a large audience through mass communication. It serves as the primary means of communication used to reach the vast majority of the general public.
### Primary Forms of Mass Media
Mass media is categorize...
Versant Media Group, Inc., doing business as Versant (), is an American multinational mass media company. Formed on January 5, 2026, as a spin-off of Comcast, Versant is headquartered at 229 West 43rd Street in Midtown Manhattan in New York City, while technical operations and master control for its...
CNBC announced a restructuring of its newsroom on Thursday, with layoffs that are said to impact less than 12 editorial staffers. “The changes made today are to align CNBC’s newsroom structure for the future, they are not driven by cost cutting,” a CNBC spokesperson said. “We expect to hire more than 40 new editorial roles over the next year across TV, Digital and direct-to-consumer platforms.” The changes are being made under David Cho, who was hired as editor in chief last year. Reuters, which first reported on the restructuring, also reported that among those leaving are the website’s managing editor, Jeff McCracken. CNBC was among the cable networks that were spun off by Comcast into a new entity, Versant . Versant started trading on NASDAQ in early January. Watch on Deadline Must Read Stories Hide Articles Chris Pine Circling Lead Opposite Emma Stone In Universal Rom-Com ‘The Catch’ Review; Premiere Protest; Melissa Barrera; Eighth Movie Planned HBO Max Hits 131.6M Subs As WBD Deal Drama Dominates Q4 Story 20th TV Lands YA Drama From ‘John Proctor’ Playwright; Showrunner Set Read More About: Comments Subscribe to Deadline Get our Breaking News Alerts and Keep your inbox happy. Sign Up No Comments Cancel reply Submit a comment Comments On Deadline Hollywood are monitored. So don't go off topic, don't impersonate anyone, and don't get your facts wrong. Comment Name Email Website Δ
