Anderson Cooper is undoubtedly in full panic mode right now…

Anderson Cooper prides himself on the fact that his beloved network of CNN is the “most trusted name in news.” That’s why it undoubtedly came as devastating news to Cooper when CNN announced that it is actually doing so badly that the network has no choice but to lay off dozens of employees.

Western Journalism reported that CNN has announced that cuts will be made to the network’s digital department, but it’s also been reported that as many as 50 jobs were on the line. CNN claims that the scheduled cuts are part of “restructuring,” meaning some employees would move to new roles. The cuts are scheduled to be made later this week.

The areas of CNN that in most danger of facing cuts are believed to be CNN Money, video, product, technology, and social publishing. On top of that, several digital initiatives are being reduced, such as the network’s virtual reality productions.

“We’ve been transparent about our strategy,” Matt Dornic, a representative for CNN told Vanity Fair. “In order to innovate, grow and experiment, we’ve added more than 200 jobs in the past 18 months. Not every new project has paid off so we will stop some activities in order to reallocate those resources and enable future experimentation. Organizations that do not make big bets and continuously evolve are the ones that fail.”

CNN has finished far behind Fox News and MSNBC in the ratings consistently for years. Given it’s dwindling fanbase, it’s laughable that CNN continues to call itself the “most trusted name in news.”

This comes weeks after Cooper had a massive anti-Trump meltdown on his own show as he claimed that the controversial Republican-drafted memo alleging surveillance abuses at the Department of Justice and FBI is “in many ways a phony drama.”

“We begin tonight with the drama over the Nunes memo,” Cooper said, according to The Hill. “Keeping them honest, it is in many ways a phony drama. Phony, because the release of the memo is by all accounts a foregone conclusion. It is, and always has been.”

“We should point out the document in question is not some bipartisan of fact by the partisan committee, it appears it will be something of a press release,” the anchor continued. “Something let out under the Intelligence Committee membership, chaired, of course, by Congressman Devin Nunes. So despite grave concerns from the director of the FBI, Christopher Wray, as well as from officials at the Department of Justice, the memo is in all likelihood going to be released.”

“How will we know this? We know it because the president himself said he wants it out. He’s been calling for it. On Tuesday night [after the State of the Union] he said the odds of it being released are 100 percent,” Cooper added.

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