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Turner Broadcasting, CNN Parent Company, To Undergo Major Layoffs

ATLANTA - NOVEMBER 23:  CNN Center, in Atlanta, Georgia on NOVEMBER 23, 2013.  (Photo By Raymond Boyd/Getty Images)
ATLANTA - NOVEMBER 23: CNN Center, in Atlanta, Georgia on NOVEMBER 23, 2013. (Photo By Raymond Boyd/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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