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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. Discovery to Lay Off Under 1,000 Employees, Cuts to Max Staffers in Single Digits

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variety.com

Jennifer Maas TV Business Writer A new round of layoffs has hit Warner Bros. Discovery, though the number of employees affected in this wave is far less in comparison to the sweeping cuts made across the David Zaslav-led company last year.

Sources tell Variety that under 1,000 employees will be laid off across a few sectors in a new cost-cutting move at WBD, including finance, business affairs, production and at streamer Max.

The insider says the vast majority of the eliminations were in the finance division, with less than 10 Max staffers affected in total.

Not all employees included in the layoffs have been informed of the decisions at the time of publication. Warner Bros. Discovery did not immediately respond to request for comment Tuesday.

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