Sinclair to lay off hundreds of employees, citing 'profound impact' pandemic has had on its business

(CNN Business) Citing the coronavirus pandemic, the Sinclair Broadcast Group said on Wednesday that it will reduce its workforce by approximately 5%, amounting to hundreds of layoffs across the company. "The impact of the COVID-19 pandemic continues to be felt across all sectors of the economy, something that can have a profound impact on a company as diversified as ours," a Sinclair spokesperson told CNN Business in a statement. "From local businesses and advertisers to distributors and partners, no component of our business's ecosystem has been fully shielded from the impact of the global pandemic."-- More...