From a story on CNN’s Reliable Sources with Oliver Darcy:

“Unsettling.”

That’s the sort of news CNN staffers had delivered to their inboxes at 1pm ET on Wednesday when network boss Chris Licht candidly informed them that sweeping changes are imminent. In other words, brace for layoffs by the end of the year.

Licht, who has been conducting a business review of CNN for six months, said in a memo that he had identified areas where changes will be made. In addition, he noted that there is “widespread concern over the global economic outlook” and said that “we must factor that risk into our long-term planning.”