WarnerMedia began a second round of layoffs on Tuesday, as outlined in a memo sent to employees by the chief executive.

According to the Hollywood Reporter, between 5 percent and 7 percent of WarnerMedia's 25,000 employees are expected to be let go, according to a source familiar with the matter. That equates to as many as 1,750 employees.

It is not known how Warner’s Burbank studio operations may be impacted by the layoffs. Warner Bros. Entertainment ranked No. 9 on the Business Journal’s private-sector employers list this year with an estimated 4,400 employees in the San Fernando Valley. In August, more than 500 local employees were laid off.

...

Subscribe to get the full story.


Are you a subscriber? Sign In