Overview
- CNBC laid off fewer than a dozen editorial employees on Thursday as part of a newsroom reorganization.
- Departures include Jeffrey McCracken, the managing editor of CNBC’s digital news operation.
- The revamp is led by Editor-in-Chief David Cho, hired in August to unify TV, digital and direct-to-consumer teams after Versant’s split from Comcast.
- CNBC said the changes are not cost-driven and it expects to hire more than 40 editorial roles across platforms over the next year.
- Recent updates include a December logo refresh and a Kalshi partnership to display real-time prediction data, with Versant’s first earnings due next week.