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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Warner Bros Brent Lang Netflix film Department Warner Bros Brent Lang Netflix

Netflix Braces for More Layoffs This Week

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variety.com

Brent Lang Executive Editor of Film and MediaNetflix is bracing for its next round of layoffs as the streaming giant looks to cut costs in the wake of its stock troubles.Impacted staff are expected to be told at the end of the week.

It’s unclear what departments are going to be hit, but sources suggest that the cuts could be similar in size to the round of reductions undertaken in May.

At that time, Netflix laid off 150 employees and dozens of contractors and part-time workers. When those cuts were announced, Netflix said that there would be other rounds of pink-slipping in 2022.

Netflix maintains a global work force of roughly 11,000 staffers.Netflix’s stock has been on a precipitous slide and the company has lost nearly 70% of its value since it revealed this spring that it had shed nearly 200,000 subscribers.

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