WarnerMedia CEO Jason Kilar told staffers on Tuesday that a new round of layoffs was beginning at the media company., as he seeks to elevate the media company's streaming service HBO Max within the organization.WarnerMedia CEO Jason Kilar told staffers in a memo on Tuesday that the media company was starting a new round of layoffs that will hit employees based in North America first.
Kilar did not say how many jobs would be eliminated. But he said the cuts would begin on Tuesday in North America, and that the company would continue to evaluate its businesses outside of the US. in October that WarnerMedia was trying to cut costs by 20%, and that the effort would lead to "thousands of layoffs across Warner Bros. studios and TV channels like HBO, TBS and TNT," citing people familiar with the matter.
The company is holding a town hall on Wednesday afternoon to address the changes, according to the memo.Team- I've previously shared how critical it is for us to evolve how we operate in the context of best serving customers. As I mentioned a few months ago, this entails simplifying how we are organized, partnering with the very best storytellers, and leaning into world class product and technology as we share our stories directly with audiences across the globe.
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Damn. And that’s before Biden taxes them into cutting even more positions. So woke!