Jobs Report: CNN Parent Company To Cut 10% Of Its Work Force

Ouch.

Turner Broadcasting, the parent of the CNN, TBS and TNT networks, is eliminating about 1,475 jobs, or about 10 percent of its total employees.

Turner says moves will include voluntary separations and the elimination of unfilled positions as well as job cuts. The eliminations will affect 18 different locations and will come from various levels in its news, entertainment, sports, and business units as well as corporate positions.

It’s hard out there for a media company these days. Even harder when the company doesn’t have a rock-solid identity.

According to Variety, about 300 of the jobs cuts will be at CNN, and that represents 8.5 percent of its staff.