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Time Warner layoffs continue; HBO to cut 150
Time Warner layoffs continue; HBO to cut 150

Premium channel HBO this week plans to lay off approximately 150 people, which is nearly 7% of the Time Warner Inc. unit's workforce. The cuts are part of a Time Warner initiative to reduce its headcount companywide in order to bolster its bottom line and free up dollars to invest in original programming. HBO employees in New York and Los Angeles will be affected. HBO is the smallest of Time Warner's three divisions, and thus it had fewer job eliminations than the larger business units. Companywide, Time Warner is expected to shed about 2,600 positions -- or about 10% of its workforce -- by the end of November. Turner Broadcasting, which includes CNN, TNT, TBS and Cartoon...

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