Time Warner's HBO to Cut 7% of U.S. Staff

October 28, 2014 5:27 PM

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Time Warner Inc's (TWX) pay TV network HBO is preparing to cut 7 percent of its staff in the United States or about 150 jobs.

HBO employs 2,400 people domestically. Time Warner, under pressure to boost profits after rejecting a takeover bid, has also announced cuts at its other units: cable networks Turner Broadcasting and movie studio Warner Bros.

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