Warner Bros has announced layoffs, elimination of open positions, and outsourcing for a total loss of 800 people, or 10% of its workforce.
The breakdown: 200 open positions around the world; 300 outsourced (with some employees being offered outsourced positions), and 300 layoffs. Cuts were said to affect all areas of the Warner Bros business.
Warner said in a memo that:
this decision reflects changes necessary for stability and growth going forward. 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.
Dateline Hollywood has the details, and the full memo here.