CNN Cutting 300 Jobs As Turner Eliminates 10 Percent of Staff

NEW YORK - JUNE 09: Honoree, President and CEO of NBC Universal, Jeff Zucker attends the UJA-Federation of New York's 2009 Leadership Awards Dinner at Pier Sixty at Chelsea Piers on June 9, 2009 in New York City. (Photo by Neilson Barnard/Getty Images) *** Local Caption *** Jeff Zucker
Jeff Zucker. Photo: Neilson Barnard/2009 Getty Images

As previously reported by New York’s Gabriel Sherman in his profile of CNN president Jeff Zucker, the network will lay off about 170 people in the next two weeks, in addition to another 130 voluntary buyouts for cuts totaling 8.5 percent of its workforce. CNN Money reports that parent company Turner Broadcasting will eliminate 1,475 positions in all as part of a plan it’s calling Turner 2020. “Zucker recently told executives they would have to ‘do less with less,’” according to Sherman. “There is no silver bullet,” Zucker said. “It’s not about a path to No. 1 here.” The rest of the story is here.

CNN Cutting 300 Jobs; Turner Losing 1,475 in All