Time Warner subsidiary Turner Broadcasting is expected to lay off 30% of its staff in Europe, the Middle East and Africa, according to reports. The news follows a review of the company’s businesses in the regions that was launched in September last year. TBS president of international Gerhard Zeiler said today, “This review required us taking some tough decisions, but they are absolutely necessary to put Turner International in the best possible position for future growth.” About 250 people are expected to lose their jobs. TBS has 17 branded channels in the EMEA region including CNN, Cartoon Network, Adult Swim, TCM and Boomerang. CNN, however, will not be affected, The Guardian notes.


How do you grow a company by making it smaller and getting rid of people who know how to do their jobs? Oh, you mean grow the stockholders. Never mind.
I have a friend who is expecting to be laid off. All of this “future growth” bollocks annoys the hell our of me. Once again the fat cats are more concerned with their bonuses than in hard working peoples’ jobs.