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WarnerMedia, Its Ranks Already Thinner, Looks To Shed Thousands More Jobs Amid COVID-19

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08.10.2020 - 23:11

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deadline.com

deadline.com:

Dade Hayes, Jill Goldsmith WarnerMedia is looking to implement a fresh round of layoffs as COVID-19 continues to wreak havoc on the entertainment business.The company confirmed to Deadline in a statement that it has “not been immune” to the pandemic and is looking at further cuts.

The Wall Street Journal was the first to report about the newest reductions and indicated that WarnerMedia is eyeing a 20% reduction of its costs to counter a downturn in revenue across theatrical film, TV networks and other businesses.

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