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Turner to cut 1475 job worldwide
2014-10-07 16:49:00| Telecompaper Headlines
(Telecompaper) Turner Broadcasting is planning to cut 1,475 jobs worldwide, reducing its workforce by around 10 percent in the coming weeks through layoffs, buyouts and other measures, the Atlanta Journal-Constitution reported. Atlanta-based Turner, which is owned by Time Warner, said 975 of the job reductions will be in metro Atlanta. In addition to TNT, Turner's holdings include CNN, TBS, Cartoon Network, truTV, HLN and other networks and online sites. The company said fewer than 300 of the job cuts will be at CNN Worldwide. The company said the cuts are being made to reduce redundancies, focus resources and prioritise investment in programming, monetisation and innovation. "It's our responsibility as business leaders to focus Turner's talent pool where individuals and groups will deliver the greatest return for the company, for Time Warner and for our shareholders," Chief Executive Officer John Martin said in an internal memo to employees, obtained by The Atlanta Journal-Constitution.
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Category:Telecommunications