The Warner Bors. and HBO expected major cuts
WarnerMedia will carry out large-scale staff reductions in its structures, primarily Warner Bros. and HBO. According to Variety, we are talking about the layoff of at least 800 employees, which was approved as part of the restructuring program. About 650 people will lose their jobs at Warner Bros., the first of them will receive relevant notifications on August 10, 2020 ... The same fate awaits the roughly 175 HBO employees. Company representatives have so far declined to comment on this. Recall that HBO Max's programming director Bob Greenblatt was previously dismissed, and all control over content is concentrated in the hands of the new head of Warner Bros. Ann Sarnoff. The streaming service was launched at the end of May and in a month it managed to gain only four million subscribers - significantly less than its main competitors, first of all, another debutant - Disney +. WarnerMedia is owned by technology giant AT & amp; T, who acquired it for $ 85 billion in 2018. After the change of ownership, many middle and senior managers have left the management positions. The Topic of Article: The Warner Bors. and HBO expected major cuts. |
