Streaming and entertainment powerhouse Warner Bros. Discovery has begun a new round of layoffs this week, according to reports.
Pockets of workers in several departments received termination notices Monday, with more messages to go out by the end of the week. While no exact numbers have been released, employees in production and finance departments are expected to be affected.
The cuts will also reportedly hit some staffers at Max, the Warner Bros. Discovery’s streaming platform. The cuts come one week after Warner Bros. Discovery decided to cut around 100 workers from CNN, which it owns. The layoffs are more evidence of the retracting entertainment industry. Nearly every major streaming platform and production house has experienced layoffs in 2024, including Netflix, Amazon and Marvel.
Additionally, entertainment industry workers are prepping for more layoffs ahead of Skydance’s acquisition of Paramount, which is expected to be finalized in early 2025.
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