Warner Bros. to cut 800 jobs

LOS ANGELES: Warner Bros. announced Tuesday it will cut 800 jobs, or 10% of its workforce. A Warner Bros. communications representative told PRWeek via e-mail that the cuts will take place over the next few weeks, and details were not known about which departments and positions will be cut. "Despite the fact that the company performed solidly in 2008, this decision reflects changes necessary for stability and growth going forward," said the memo from CEO Barry Meyer and President Alan Horn. "The changing entertainment business landscape, shifting consumer demand and the overall state of the economy have affected companies around the world, and Warner Bros. is not immune to these factors."

LOS ANGELES: Warner Bros. announced Tuesday it will cut 800 jobs, or 10% of its workforce. A Warner Bros. communications representative told PRWeek via e-mail that the cuts will take place over the next few weeks, and details were not known about which departments and positions will be cut. "Despite the fact that the company performed solidly in 2008, this decision reflects changes necessary for stability and growth going forward," said the memo from CEO Barry Meyer and President Alan Horn. "The changing entertainment business landscape, shifting consumer demand and the overall state of the economy have affected companies around the world, and Warner Bros. is not immune to these factors."

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