CNN, already beset by historically low television ratings, is laying off six percent of its staff, roughly 200 people, chief executive Mark Thompson announced in a memo to employees Thursday morning. The cuts, which will affect CNN employees around the world, will be completed by the end of the week.

Warner Bros Discovery-owned CNN will lay off about 6% of its workforce as the TV news outlet continues to shift its focus toward a more digital-centric strategy, according to an internal memo seen by Reuters on Thursday.

CNN is laying off roughly 200 employees, or about 6% of its workforce, part of a plan Chief Executive Mark Thompson says will shift the cable TV brand’s emphasis toward digital growth and prepare it to launch a streaming service.

CNN will cut about 6% of its workforce amid a refocus around a more digital-centric strategy, Reuters reports.