CEO Mark Thompson defended his decision to layoff 200 workers and promised increased investment but a change in strategy following the Thursday bloodbath.An insider told DailyMail.com Thursday that they made huge cuts to their TV division because it has become so 'bloated' and overstaffed with people who do the bare minimum.The layoffs are concentrated in CNN's TV business, where ratings have tumbled as consumers cut off cable and seek other news sources.
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