CNBC Slashes Nearly 10% of Its Digital Team

CNBC made sizable cuts to its digital team on Wednesday, laying off close to 10% of its U.S. employees, a person close to the matter told The Messenger.

It cut close to 20 people at CNBC.com, accounting for less than 9% of the digital organization in the U.S. and roughly 3% of all U.S.-based operations, including TV, events and other franchises, they added.

CNBC TV wasn't affected by the layoffs, this person said.

The cuts come as the news giant plans to slash some of its digital content and coverage that it has deemed not core to its priorities covering business and economics, noting that these changes may help bolster the company's revenue, the source said.

The coverage areas the website pared back weren't bringing in enough traffic for CNBC, the source added.

CNBC.com was ranked the 15th-biggest news site in the U.S. with roughly 50 million unique visitors a month, according to digital traffic data company SimilarWeb.

CNBC is not the only news organization trimming its headcount. In October, the Washington Post announced it planned to cut 240 positions in its newsroom through voluntary buyouts, roughly 10% of its staff.

CNBC declined to comment.