Dade Hayes Finance EditorA significant round of layoffs forecast last month at WarnerMedia is getting under way today. CEO Jason Kilar emailed staffers this morning, acknowledging the process is “painful” but also calling it a “critical” step in the AT&T division’s evolution.The entertainment operation has seen multiple staff reductions since the acquisition of Time Warner closed in 2018.
Historically, the company’s three main units — HBO, Warner Bros and Turner — operated as mostly autonomous groups. Now, synergy is the mission, with teams being blended together for the first time in decades and a lot of job functions eliminated in the process.
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