WarnerMedia.In a memo Tuesday, WarnerMedia CEO Jason Kilar informed the staff that numerous jobs would be cut in the coming days.
Cuts are expected to affect 5-7% of the company’s workforce, which will result in thousands of layoffs. WarnerMedia has recently made sweeping changes to its corporate structure, placing a bigger emphasis on its newly launched streaming service HBO Max and streamlining other aspects of their entertainment business.
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