Time Warner’s Turner Unit to Eliminate 10% of Jobs
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Time Warner Inc.’s Turner Broadcasting division will eliminate 1,475 positions, about 10 percent of its global workforce, as part of a broader initiative to improve profitability.
The cuts will take place at 18 locations worldwide, and include news, entertainment and sports, as well as corporate jobs, the company said yesterday in a statement. Turner, which operates CNN, TNT and TBS, has about 14,000 full-time employees, according to the statement.