NEW YORK (CNNMoney) — Turner Broadcasting, the parent company of CNN, will cut its total workforce by about 10% in the coming weeks through a mix of buyouts, layoffs and other measures, the company said Monday.

The reductions are part of a broader effort to save money and refocus investment, known internally as Turner 2020.

The company said about 1,475 positions — out of 14,000 full-time positions worldwide — would be eliminated in the coming weeks.

Within CNN Worldwide, where the workforce totals roughly 3,500, about 300 positions will be cut, according to a person with direct knowledge of the plan, totaling 8.5%.

CNN Worldwide includes CNN’s U.S. and International television channels, HLN, CNN Digital, and other ventures.

About 130 of the CNN reductions are being achieved through voluntary buyouts, the person said.

A buyout program for Turner staffers age 55 and older with ten-plus years at the company was announced in August.

The remainder of the CNN positions, about 170, will be cut through layoffs.

Along with CNN, Turner owns cable channels like TNT, TBS, and the Cartoon Network. The headcount reductions there will also come from both buyouts and layoffs.

The eliminations “are at all levels of the company’s news, entertainment, kids, young adult and sports networks and businesses, as well as corporate functions, in 18 Turner locations around the world,” Turner CEO John Martin said in a memorandum to staffers.

“Those whose jobs are impacted will receive every consideration and the respect they are due, starting with severance pay for transition,” Martin wrote. “Whatever their job title, business unit or location, they have contributed to the success story that is Turner Broadcasting, and they leave with our thanks and sincere best wishes.”