WarnerMedia CEO Jason Kilar is expected to announce that the company is letting go off 80 staffers at Warner Bros. and HBO. Initial reports suggest that the company will let go of 650 staffers at Warner Bros. and 150 at HBO.
This news comes as the company continues to reorganize its corporate structure following AT&T’s acquisition of Warner Bros. and HBO. Most recently, the company placed Warner Bros. Chief Ann Sarnoff in charge of developing content for HBO Max, TNT, TBS and truTV. Andy Forssell was also placed in charged of HBO Max’s business operations.
These layoffs continue to fuel anxiety within the company as it continues to shift its image. Networks like HBO continue to produce high brow content such as Succession amd Watchmen, but is no looking to develop content for broader audiences like Friends.
The first round of layoffs are expected to come Monday, August 10, 2020.