Warner Bros. Discovery (WBD) has implemented a round of targeted layoffs as its traditional cable TV business continues to contract amid declining viewership, Todd Spangler of Variety reported. The company’s linear television portfolio has been impacted by broader industry trends tied to cord-cutting and fewer than 100 employees were affected. According to a source familiar with the matter, the reductions were evenly distributed across locations and networks. These cuts are reportedly part of Warner Bros. Discovery’s broader effort to streamline operations and improve efficiency.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBD:
- Warner Bros Board Takes Executive Pay Rejection Vote ‘Seriously’
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories
- Trump says Fed ‘must now’ lower rates after ADP payrolls report: Morning Buzz
- This Analyst Believes Warner Bros Stock (WBD) Would Benefit from a Streaming Spinoff
- Warner Bros. Discovery shareholders reject 2024 executive pay, Reuters reports
