As a long-time fan and follower of Warner Bros. Discovery (WBD), I can’t help but feel a pang of sadness and concern with each new wave of layoffs hitting the company. I remember the excitement and anticipation I felt when David Zaslav took the helm as CEO, bringing renewed energy and a clear vision for the future. But now, it seems that the cost-cutting measures are taking a heavy toll on dedicated employees across various departments.
Another round of layoffs has hit Warner Bros. Discovery.
Multiple departments within the entertainment company’s organization have been affected by recent changes. This includes those in finance, production, and business affairs. A minimal number of staff members were let go from WBD’s streaming platform, Max. (Source: An individual with knowledge of the situation)
After CNN, which is under WBD’s ownership, declared the dismissal of around 100 employees recently, equating to approximately 3% of their workforce, they described it as part of a larger overhaul for the cable news network. This transformation involves the development of several new digital projects, the initiation of paid services centered on lifestyle journalism, and an aggressive move towards artificial intelligence.
More to come.
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2024-07-16 22:54