Article Image
News Link • Employee and Employer Relations

Over 100 CNN Employees Take Voluntary Buyouts - Just Don't Call It A Layoff

•, By Tyler Durden

The buyouts are consistent with similar offerings at HBO and Turner and will see dozens of seasoned employees leave the news brand. WarnerMedia parent AT&T is looking to restructure and reduce what was $170 billion in net debt as of the end of 2018.

The news comes the same day CNN began broadcasting some of its shows from its new WarnerMedia digs at 30 Hudson Yards, with about 1.5 million square feet of office space putting the WarnerMedia divisions under the same New York roof for the first time. Office workers, including many at CNN, had already made the move from Time Warner Center at Columbus Circle, but the new studios are now lighting up on Manhattan's Far West Side. -Deadline

AT&T/WarnerMedia have been executing on their restructuring plans since the federal government lost a legal appeal challenging AT&T's $81 billion takeover of Time Warner. The company is also attempting to unload its 10% stake in Hulu- which is deep in the red.  

Join us on our Social Networks:


Share this page with your friends on your favorite social network:

Purse.IO Save on All Amazon Purchases