Both the heads of HBO and Turner resigned as well.

The Turner name will effectively fade away in coming months.

Cutting costs is a necessity for AT&T, which has a whopping $170 billion in net debt to work down.

How many of the thousands of Turner employees in Atlanta are eligible is unclear but there’s no doubt there will a lot of pending departures at CNN Center and the Techwood campus in the coming weeks.

The WSJ story noted that “AT&T had already been closing offices in its own telecom division before the merger, choosing to focus on its Dallas headquarters as well as expanding its presence in New York and Los Angeles.”

The last time Turner had a buyout was in 2014, long before AT&T came along.