Another round of layoffs is coming Tuesday warner bros discovery.
the source says hollywood reporter Warner Bros. Discovery CEO David Zaslav said the layoffs will affect several divisions of the combined company as part of an effort to find $3 billion in post-merger cost savings. Those expected to be affected include: Channing Dungeyof Warner Bros. Television Group (includes scripted, unscripted, alternate studios); possibly DC Comics, Cartoon Network, Adult Swim, and other units.
Representatives for Warner Bros. Discovery and WBTV declined to comment.
The news of additional job cuts is not necessarily new information, but the timing of Tuesday is. An estimated 70 staff members were laid off as part of a massive restructuring, and a wave of layoffs hit Casey Bloys’ HBO Max and his HBO team in August.
All aspects of integrated WBD are being explored, with Zaslav looking to save billions in staff redundancy and other areas.the source says THR Lower-level executives could be the focus of WBTV’s layoffs. Other departments, such as advertising sales, are rumored to be looking to cut costs by 20% to 30% through a combination of headcount cuts, travel costs, savings in expenses and supplier cuts.
The Warner Bros. film group will not be affected as part of Tuesday’s layoffs, as the new executive structure needs time to adjust.
Additional layoffs in other WBD divisions are expected.
HBO Max and Discovery+ will be merged into one service next year. Management is currently debating a new name for the service, and sources say much of the debate is whether HBO’s name will remain part of it, or whether a broader name for the service would work better. is.
THR We will share cutback details on Tuesday.
Alex Weprin contributed reporting for this article.