Turner Broadcasting to Cut 10 Percent of Work Force
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AndreyPopov/iStockphoto/Thinkstock(NEW YORK) — On the same day the company announced a deal to continue carrying National Basketball Association games, Turner Broadcasting announced 10 percent of its work force.
Turner, the parent company of CNN, TBS, and TNT announced Monday that it would eliminate about 1,475 jobs out of its 14,000 full-time employees. Those 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,” a statement read.
The cuts come as part 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.”
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