WorldOfTopics.com

Warner Bros. announced massive layoffs (Topic)

World Of Topics » Movies » News » Warner Bros. announced massive layoffs

Warner Bros. announced massive layoffs

Image

Head of Warner Bros. Kevin Tsujihara announced massive staff cuts across all divisions of the company. This was reported by the Variety edition.

Shares of the studio fell significantly after the refusal of Rupert Murdoch's offer to acquire the parent company Time Warner. In addition, she has to somehow compensate for the 40 percent drop in box office receipts in the summer season of 2014.

At the disposal of the head of Warner Bros. it is not specified exactly how many employees will be cut. Recall that in August Rupert Murdoch offered $ 80 billion to the owners of Time Warner, but this generous offer was rejected.

The Topic of Article: Warner Bros. announced massive layoffs.
Author: Jake Pinkman


LiveInternet