Former Fox News anchor Shep Smith has reportedly been terminated from his role as the network undergoes a major shakeup.
Senior correspondent at Puck, Dylan Byers, broke the news Thursday afternoon.
“SCOOP: NBCUniversal is about to undergo significant layoffs and cost cuts in the weeks ahead, sources familiar tell me. This will start with Shepard Smith and his team,” Byers tweeted.
SCOOP: NBCUniveresal is about to undergo significant layoffs and cost cuts in the weeks ahead, sources familiar tell me.
This will start with Shepard Smith and his @thenewsoncnbc team.
More to come @PuckNews
— Dylan Byers (@DylanByers) November 3, 2022
“The News with Shepard Smith,” will be replaced by market reports until the network figures out what they want to do with the open time slot. One would imagine they'd know what they're going to do with the network before firing him. Apparently not in this situation.
“After spending time with many of you and closely reviewing the various aspects of our business, I believe we must prioritize and focus on our core strengths of business news and personal finance,” CNBC President KC Sullivan said in an email to employees, according to CNBC. “As a result of this strategic alignment to our core business, we will need to shift some of our priorities and resources and make some difficult decisions.”