Chris Licht, the network’s chairman, said that the company would be notifying affected employees later this week.

Kelly Kahl will be replaced by Amy Reisenbach, the executive vice president of current programs at CBS.

Mr. Smith joined CNBC in 2020 after leaving his longtime home on Fox News, where he was a reliably nonpartisan presence.

Acquired and commissioned documentary movies and TV shows like ‘Navalny’ and ‘Stanley Tucci: Searching for Italy’ are going away.

“These changes will not be easy, because it will affect people, budgets and projects,” Chris Licht, the head of CNN, told staff members.

Netflix, which has about 223 million subscribers worldwide, will soon introduce a lower-priced service with ads in a bid to attract more customers.