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Warner Bros Announces Major Layoffs

Posted: January 21st, 2009 by WorstPreviews.com Staff
Warner Bros Announces Major LayoffsSubmit Comment
Warner Bros said it would eliminate 800 jobs -- including 300 to be outsourced -- in a series of moves executives blamed on shifting economics and the recession.

Some 300 layoffs will be made over the next few weeks, and another 200 open positions will go unfilled permanently, officials said. Layoffs will even reach the exec VP level, with virtually every department affected.

"Every division is affected, and none are immune -- television, home entertainment, theatrical, corporate -- all of our divisions, worldwide," corporate spokeswoman Sue Fleishman said.

"Despite the fact that the company performed solidly in 2008, this decision reflects changes necessary for stability and growth going forward," said the studio's top executives, Barry Meyer and Alan Horn. "Shifting consumer demand and the overall state of the economy have affected companies around the world, and Warner Bros is not immune."

Source: THR


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Displaying 8 comment(s) Profanity: Turn On
The Skippy Spartan writes:
on January 21st, 2009 at 3:17:09 AM

Does this has anything to do with a certian court case!
polardeficit writes:
on January 21st, 2009 at 3:32:46 AM

hahaha nice one skippy
synthetic1985 writes:
on January 21st, 2009 at 3:44:58 AM

'warner bros is not immune'...yea neither is 20th century fox...as long they keep dissappointing fans they'll go down for sure...but that goes for any movie company...unless you're immune enough to have a time travel device...i heard they have a light bulb that never goes out but would never release it on the market because light bulb companies would go out of business...GREED GREED GREED...wish i could go back 20 or 30 years when things were a little better
hunter207 writes:
on January 21st, 2009 at 11:02:48 AM

And they said the film business was immune to the economic troubles... that was such bull
Space_Ghost11 writes:
on January 21st, 2009 at 11:25:44 PM

everything about this recession is so depressing
Mattthoing writes:
on January 22nd, 2009 at 2:14:01 AM

You mean everyone BUT the people at the top are not immune. *Scoff* Rich just get richer.
bacci40 writes:
on January 22nd, 2009 at 3:50:32 AM

this didnt even happen in the depression...studios continued to boom...of course it cost a quarter and you got to see cartoons, a news reel, a double feature and sometimes a floor show...but still...im freaking out...i live in los angeles, and have lots of customers in the industry...my biz is already down 40 percent...this aint good
Gunslinger writes:
on January 22nd, 2009 at 11:09:00 PM

I hope they don't lay off Batman.

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