Topics

Rupert Murdoch
Turner Broadcasting to cut 10% of staff
Turner Broadcasting to cut 10% of staff

Turner Broadcasting System Inc., which runs TV networks including CNN, TBS and TNT, will reduce its workforce by 10%. The company said Monday that 1,475 positions will be eliminated at all levels among its roughly 14,000 full-time employees around the world.  Those affected will be notified "over the next two weeks and will be offered severance pay for transition," Turner said in a statement. "The position eliminations are one component of a comprehensive initiative and company reorganization to focus resources and prioritize investment in programming, monetization and innovation as near- and long-term drivers of growth," Turner said.  In August,...

Loading