CNBC is planning new staff cuts in its international division. About two dozen jobs may be affected, mostly in London and Singapore, with some in other cities. The layoffs are focused on the digital editorial team. Because of UK labor rules, the cuts are in a consultation period before they can be finalized.
These changes come as parent company NBCUniversal prepares to spin off most of its cable networks into a new group called Versant. Bravo will remain with NBCUniversal, but CNBC and others will move. The spinoff is expected soon and is hiring around 750 new staff. Sources say the CNBC layoffs are not directly linked to the Versant launch.
The international arm of CNBC is led by Deep Bagchee, who took over in 2024. He replaced John Casey, a long-time leader at the network. Bagchee has been guiding CNBC’s global coverage in a media world that is shifting quickly to digital.
The outcome of the consultation process will decide how many people lose their jobs. For now, CNBC is trying to cut costs while still aiming to keep its reputation as a top source for business news worldwide.
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