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Warner Bros
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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WarnerMedia Chief Informs Staff of Significant Layoffs Amid Streaming Restructure
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hollywoodreporter.comWarnerMedia is laying off employees today as part of its ongoing reorganization to cut costs amid the coronavirus pandemic and reorient its business around streaming.
The cuts, which are expected to hit its North American business units, come after newly installed CEO Jason Kilar announced in August a comprehensive reorganization that would consolidate its content divisions under Warner Bros.
chief Ann Sarnoff. Between 5 percent and 7 percent of WarnerMedia's 25,000 employees are expected to be let go, according to a source familiar with the matter.
That equates to as many as 1,750 employees. "Today, we have arrived at a number of difficult decisions that are resulting in a smaller WarnerMedia team," Kilar wrote in a memo to staff obtained.
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