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

Turner Broadcasting, CNN Parent Company, To Undergo Major Layoffs

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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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