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The Wall Street Journal: WarnerMedia offers buyouts to Turner workers as AT&T reshapes business

AT&T Inc.’s WarnerMedia took steps to reduce head count at its Turner unit, which was essentially dissolved as a result of a wide-ranging restructuring announced earlier this month.

The company is offering buyouts to U.S. Turner employees who are at least 55 years old and would have 10 or more years of service by year-end, according to a memo sent to employees Wednesday that was reviewed by The Wall Street Journal.

The buyouts at Turner were widely expected as AT&T T, +0.03% started to fundamentally reshape the entertainment empire it acquired for more than $80 billion after clearing the last antitrust hurdle late last month.

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