CNBC to Lay Off 45

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As part of overall cutbacks at parent NBC, CNBC is laying off about 45 employees, most of them at its online operation, officials said last week.

The financial-news channel is folding CNBC.com back into the cable network, and last Thursday 26 of the Web site's 100 employees were informed they will lose their jobs. Those layoffs come in the wake of CNBC's previously announced management reorganization, in which CNBC.com president Pamela Thomas-Graham was been named president of CNBC. She replaces Bill Bolster, who was promoted to the new slot of chairman.

Four percent the cable channel's 520-member workforce will be let go, or about 19 people.

Among those exiting are: Geoffrey Lewis, editor in chief of CNBC.com and CNBC reporters Tim Tindall, based in New York City, and Greg Miles, based at the channel's Fort Lee, N.J., headquarters. Los Angeles-based Andrew Glassman decided not to renew his CNBC contract.

The CNBC layoffs follow the edict issued earlier this year by NBC president Robert Wright. Citing the weak advertising market, NBC said it would trim its workforce across the board by as much as 10 percent, or as many as 600 jobs out of 6,000.

Apart from the layoffs at CNBC, NBC last week let go 40 staffers go at its West Coast entertainment and syndication units.

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