Warner Bros. To Cut 10% of Its Workforce

Above, Warner Bros. Studios in Burbank. Photo by Armand Vaquer.

It will be hard times for some employees at Warner Bros. Entertainment as moves to cut overhead costs will result in layoffs of about 10% of the company's workforce.

According to Variety:

Warner Bros. Entertainment is expected to cut as many as 900 to 1,000 jobs worldwide as part of a studio-wide cost-cutting move, according to people familiar with the company’s plans. The estimated reductions would amount to more than 10% of the studio’s 9,000-person workforce. 

The cuts will be made in late October or early November.

One interesting side note. The article cites Godzilla as one of the studio's box office hits, although Warner Bros. only had a 25% stake in the movie.

To read more, go here.