Arab Today, arab today turner to slash 10 of jobs including at cnn
Last Updated : GMT 21:26:48
Arab Today, arab today
Arab Today, arab today

Turner to slash 10% of jobs, including at CNN

Arab Today, arab today

Arab Today, arab today Turner to slash 10% of jobs, including at CNN

The CNN Center building
New York - AFP

Turner Broadcasting will cut 10 percent of its workforce, including about 300 jobs at its CNN division, in a move to slash costs and refocus the media group.
Turner said in a statement Monday it will be eliminating about 1,475 positions out of 14,000 full-time posts worldwide in the coming weeks.
The cuts "are at all levels of 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," Turner chief executive John Martin said in a memo to staff cited by CNN.
The company, a unit of the media conglomerate Time Warner, will use buyouts and layoffs to achieve its job reductions, which is part of a broader plan called "Turner 2020" to refocus the company.
"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," the statement said.
- Growth areas get investment -
Turner said that under the plan it would be adding some 150 new positions "in areas of investment and growth."
A CNN report said buyouts for employees at the cable news network age 55 and older were announced in August, but that 170 employees would be laid off.
In addition to CNN, Turner operates cable channels including TNT, TBS, and the Cartoon Network.
The job cuts come with CNN, which has a global workforce of some 3,500, facing pressures from a changing news landscape, including more competition from online video.
The entertainment units meanwhile, are being challenged by streaming services such as Netflix and Hulu.
The statement said that Turner Broadcasting "will continue to maintain significant employee populations in major cities around the world, including Atlanta, New York, Los Angeles, Washington, London, Hong Kong, Mumbai, Buenos Aires and Santiago."
Atlanta remains the company's largest employee base, with more than 5,500 staff.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turner to slash 10 of jobs including at cnn Arab Today, arab today turner to slash 10 of jobs including at cnn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turner to slash 10 of jobs including at cnn Arab Today, arab today turner to slash 10 of jobs including at cnn

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday