Layoffs imminent at CNN: top exec

Licht warned that the staff cuts were imminent, and could take effect as early as December, noting that nothing beyond that was expected "at this time."

According to the Daily Mail, Licht was said to have been tasked by his boss David Zaslav to cut around $100 million from CNN's budget, and made the announcement during an all-hands company town hall. While few specifics were provided, he explained that only those deemed to be unnecessary to the company's "core mission" would be let go.

Employees were first warned of the impending cuts in October as the network's ratings continued to plummet alongside profits.

"There is widespread concern over the global economic outlook," Licht said at the time, "and we must factor that risk into our long-term planning. All this together will mean noticeable change to this organization. That, by definition, is unsettling. These changes will not be easy because they will affect people, budgets, and projects."

Since taking over for Jeff Zucker as CEO of CNN, Chris Licht has overseen some significant changes to the network, including the firing of partisan host Brian Stelter.

Don Lemon was also notably squeezed out of his primetime slot and relegated to the morning show.

Over the past months, Licht has made it clear that he wants the network to be "engaging in respectful interviews that don't feel like PR stunts," and "making programming decisions that are focused on nuance, not noise."

Discovery's merger with CNN's parent company WarnerMedia brought with it not only changes in leadership, but influence as well.

Discovery board member John Malone, for example, said he "would like to see CNN evolve back to the kind of journalism that it started with, and actually have journalists, which would be unique and refreshing."