Andrew Harrer / Bloomberg News
Time Warner Inc.
Announced: Feb. 4
Number of layoffs: 1,250 jobs
Reason for the cuts: Media and entertainment giant Time Warner Inc. reported a fourth-quarter loss, hurt by a previously expected $24.2 billion writedown for its cable, publishing and AOL assets.
The company predicted flat earnings in the year ahead as it takes on major restructuring charges amid a declining advertising market.