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WSJ: AT&T launches buyouts to shed Turner, HBO workers

Mar. 27, 2019 2:56 PM ETAT&T Inc. (T) StockTBy: Jason Aycock, SA News Editor101 Comments
  • More turnover for the old Time Warner, as AT&T's WarnerMedia (T +0.5%) launched voluntary buyouts for employees at its HBO and Turner units, the latter of which has essentially been dissolved.
  • Turner employees who are at least 55 and would have 10 years' service by year-end will get four week's pay for every year of service, capped at two years' payouts, The Wall Street Journal reports.
  • HBO is also going through a round of voluntary buyouts, WSJ says; those follow a series of recent executive departures, including that of longtime chief Richard Plepler.

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