MEDIA
10/06/2014 04:45 pm ET Updated Oct 06, 2014

Turner Broadcasting, CNN Parent Company, To Undergo Major Layoffs

Raymond Boyd via Getty Images

Turner Broadcasting, the parent company of CNN, will cut its total workforce by about 10 percent in the coming weeks through a mix of buyouts, layoffs and other measures, the company said Monday.

The reductions are part of a broader effort to save money and refocus investment, known internally as Turner 2020.

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