Warner Bros. will lay off ten percent of its employees
Warner Bros. Entertainment will lay off about a thousand of its employees in late October, early November 2014. This is reported by the Variety edition with reference to its sources. Thus, more than ten percent of the company's employees around the world will be laid off. Total number of Warner Bros. Entertainment has 9,000 people. Recall that on September 4, 2014, the head of the company, Kevin Tsujihara, announced large-scale reductions in all divisions. The reason was poor financial performance, caused by both the fall in share prices and and a 40 percent drop in the box office of Warner Bros. in the summer season 2014. The company carried out the last mass layoffs of employees in 2009. Then about 900 people lost their jobs.< The Topic of Article: Warner Bros. will lay off ten percent of its employees. |
