CNN boss Mark Thompson to lay off hundreds after Election Day ratings wipeout

Thompson, who is stepping down as the network's president at the end of the year, is expected to announce the layoffs in the coming weeks

CNN is planning to lay off hundreds of employees after the Election Day ratings wipeout, according to a report by The New York Times.

The layoffs are expected to be announced in the coming weeks, after Mark Thompson, the network's president, steps down at the end of the year.

The layoffs are part of a broader cost-cutting plan at CNN, which has been struggling with declining ratings in recent months.

The network's ratings have been particularly hurt by the rise of Fox News, which has become the most-watched cable news channel in the United States.

CNN is also facing competition from MSNBC, which has been gaining ground in the ratings race.

The layoffs are expected to affect a wide range of employees, including on-air talent, producers, and other behind-the-scenes staff.

CNN has not yet commented on the report.

Thompson's departure is part of a broader shake-up at CNN, which has been struggling to find its footing in the post-Trump era.

The network has been criticized for its coverage of the Trump administration, and some viewers have accused it of being too biased against the former president.

Thompson's replacement has not yet been announced, but the network is expected to make a decision in the coming weeks.

The layoffs are a sign of the challenges facing the cable news industry, which is facing declining ratings and increased competition from online news sources.

CNN is not the only cable news network that is struggling, as MSNBC and Fox News have also seen their ratings decline in recent months.

The layoffs are likely to have a significant impact on CNN's operations, and it remains to be seen how the network will recover from the ratings wipeout.