CNN plans 1,475 full-time job cuts world-wide

CNN has announced plans to cut ten percent of its worldwide workforce or 1,475 full-time jobs. The parent corporation will be cutting 400 positions from its American and international channels, the news organization reported. The company said about 130 CNN reductions will be voluntary buyouts, and the rest will happen through layoffs. Turner Broadcasting, which owns CNN, TBS and TNT networks, said it plans to cut its workforce by ten percent, which means roughly 1,475 full-time positions will be terminated worldwide.