A round of layoffs begins tomorrow at Time Warner. Jeff Bewkes, the company’s new CEO plans to lay off 75 or ore people, primarily from TW’s corporate offices.
An article in today’s Advertising Age points out 200 layoffs had been envisioned in earlier plans to reduce the corporate unit, which currently has a headcount of more than 600.
Time Warner will be reporting tomorrow its first financial results since Bewkes took over for Richard Parsons on Jan. 1, covering 2007 and the fourth quarter. It’s expected analysts will question the new CEO about his AOL strategy, in the wake of Microsoft’s $44.6 billion bid to take over Yahoo.