WarnerMedia 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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