Hollywood Reporter. The staff reductions will amount to between 5 and 7% of WarnerMedia’s total workforce, or 1250 to 1750 employees. The cuts had been foreshadowed by news of plans to reorganize the company around its new streaming service HBO Max in August (see "Media Giants Reorganize Around Streaming").
WarnerMedia made over 500 job cuts in August, including around one-third of the editorial staff at DC (see "DC Implosion – Major Staff Cuts"), a change which presaged major title cuts at the second largest U.S. comic publisher. No word yet on whether the new round of cuts will impact DC.
Kilar, who ascended to the WarnerMedia CEO position in August from his role as founding CEO of Hulu (see "Streamer Vet Takes Over as CEO of WarnerMedia"), was not super-reassuring about further cuts in the memo to employees. "While I anticipate that organizationally, things will settle down materially in the weeks and months to come (we’ve worked hard to make this a process with a beginning, middle and an end), I don’t want to suggest that our future is static," he wrote.
DC Parent Continues Downsizing
Posted by Milton Griepp on November 11, 2020 @ 4:54 am CT