1,500 jobs go at Turner Broadcasting
October 7, 2014
By Chris Forrester
Turner Broadcasting is cutting 10 per cent of its global workforce of some 14,000 staff. Turner said 1,475 will go through a mix of redundancy, and layoffs. 300 jobs go at CNN, about 8.5 per cent of its staff.
Other job losses, as part of the 10 per cent total, will go from TNT, Cartoon Network, Headline News and other Turner-group channels. Turner’s 18 overseas locations are also affected.
Turner says that directly affected staff will be advised over the next two weeks.
Other posts by :
- EchoStar booms on SpaceX holding
- Norway wants a satellite constellation
- Crossroads backs AST SpaceMobile
- FCC examines SpaceX’s 15,000 sat-constellation plan
- EchoStar: “Severe uncertainty” led to spectrum sales
- Netflix gets downgrade on Warner Bros move
- UK trims Orbex investment
- Euro-bank sets up €500m space fund
- Revenue jump forecast for Eutelsat