Turner Broadcasting Chief Executive John Martin wrote in a memo to staff that they should expect layoffs as the company creates a new corporate structure in the next two months, reports Capital New York.
Martin wrote that the new structure is part of the company’s “Turner 2020” plan, and suggested layoffs could impact the entire organization, which includes networks such as CNN, TNT and TBS.
“A core team of our colleagues has looked at the purpose, structure and fit of literally every department in the company — more than 700 in all,” Martin wrote. “Division leaders now are reviewing the working groups’ reports on their respective areas of oversight. Over the coming weeks, they will work with me to finalize the organizational changes we will implement.”
He added, “We’ll start 2015 a more streamlined, nimble and efficient company focused on driving programming, monetization and innovation, in a culture that emphasizes and rewards continuous improvement.”