Jeff Zucker is expected to make big cuts in the company’s news division, including eliminating an entire level of MSNBC’s management team, in an effort to save $20 to $40 million dollars.
The New York Post reports the cuts at NBC are expected to come down this week or next and would be evenly weighted between NBC News and MSNBC. CNBC staffers won’t be affected during this round of cuts in order to better compete with the newly-launched Fox Business Network.