Elaine Low Senior TV WriterWarnerMedia is expected to enact a new round of layoffs amid the AT&T-owned company’s ongoing restructuring.According to the Wall Street Journal, which first reported the news, the company is looking to cut costs by as much as 20% and lay off thousands in the coming weeks.That would follow the hundreds of layoffs made in early August that saw Warner Bros.
and HBO hardest hit.“Like the rest of the entertainment industry, we have not been immune to the significant impact of the pandemic,” said WarnerMedia in a statement shared with Variety. “That includes an acceleration in shifting consumer behavior, especially in the way content is being viewed.
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