Warner Bros. Discovery CEO David Zaslav on $3 Billion in Cuts: ‘We Don’t Know Exactly How It’s Going to Work’
thewrap.comDavid Zaslav expressed a lot of excitement for the future of his newly merged company on Thursday during a company town hall with Oprah Winfrey at the Warner Bros.
Burbank lot, he was vague on details for some immediate issues, including where $3 billion in planned cuts will come from. When asked by Winfrey about the cuts, Zaslav said that his transition team is still in the process of sifting through assets from both sides of the new company to determine where such cuts could be made.
The transition team is also in the process of integrating teams with the plan to create a company structure with “less layers,” as Zaslav put it.“[The transition team] worked on what we’re going to do day one, what are we doing first 30 days.
It’s not perfect. We don’t know exactly how it’s going to work,” he said. But Zaslav did share some broad ideas of where a good portion of the cuts will likely come from: streaming and television.
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