Tags: Turner Layoffs of 1 | 475 to Hit CNN | TNT | Cartoon Network

Turner Layoffs of 1,475 to Hit CNN, TNT, Cartoon Network

Image: Turner Layoffs of 1,475 to Hit CNN, TNT, Cartoon Network
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By    |   Tuesday, 07 Oct 2014 06:06 AM

Cable news network CNN, TNT and the Cartoon Network face job cuts as Turner Broadcasting said on Monday it will slash its workforce by 10 percent, or 1,475 positions.

Reuters reported the reduction includes previously announced buyouts targeting 500 to 600 workers. Turner has about 14,000 full-time employees worldwide.

The job cuts "will come at all levels from across the company's news, entertainment, kids, young adult and sports networks and businesses, as well as corporate functions in 18 Turner locations around the world," Turner said in a statement.

The move is part of a larger restructuring under parent Time Warner Inc, known as Turner 2020, that will focus resources on growth areas.

Turner and Walt Disney's ESPN also announced Monday that they will more than double their annual payments to the National Basketball Association under a nine-year deal for broadcasting rights.

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Cable news network CNN, TNT and the Cartoon Network face job cuts as Turner Broadcasting said on Monday it will slash its workforce by 10 percent, or 1,475 positions.
Turner Layoffs of 1, 475 to Hit CNN, TNT, Cartoon Network
165
2014-06-07
Tuesday, 07 Oct 2014 06:06 AM
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