n a memo sent to all Turner Broadcasting employees Tuesday morning, Turner CEO John Martin said that, as part of the company’s “Turner 2020” plan, the company will unveil a new corporate structure “in the next two months.”
Martin suggested that there will be organizational changes and layoffs across the entire company, which includes CNN, TNT, TBS, Turner Sports and Cartoon Network, among other channels.
“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.
“Resetting our business operations through the balance of 2014 will position us to move forward aggressively in the new year,” Martin 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.”
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