Turner Broadcasting will cut its workforce by 10 percent in the coming weeks

The same day it announced a huge new partnership with the National Basketball Association, Turner Broadcasting revealed plans to cut its workforce by 10 percent in the coming weeks. The company will eliminate roughly 1,475 of its 14,000 full-time positions across the globe.

From Turner Broadcasting CEO John Martin's staff memorandum, via CNN Money:

The move is part of an internal plan to cut costs known as Turner 2020, and follows a voluntary buyout plan announced back in August. This round of reductions will come through a combination of buyouts and layoffs, and will affect several of the Turner brands, which include CNN, TNT, and Cartoon Network.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up