Warner Bros. Slashing 10% of Workforce

600 workers to be laid off; 300 jobs to be outsourced
By Matt Cantor,  Newser Staff
Posted Jan 20, 2009 8:19 PM CST
Warner Bros. Slashing 10% of Workforce
Barry M. Meyer, Chairman and CEO of Warner Bros. Entertainment Inc., seated between actress Diane Keaton, right, and Bradley Whitford, left, at an Obama-Clinton debate.   (AP Photo/Kevork Djansezian)

Even the Dark Knight is no match for this economy. Warner Bros. is cutting 800 jobs across all levels of the firm, shrinking its workforce by 10%, the Wall Street Journal reports. That means 600 employees will have to leave, with 300 departing in the next few weeks. The rest will face gradual layoffs over the next two years as their jobs are outsourced to a Paris consulting firm, which will sign workers in India and Poland.

“We are very sad to announce that based on the global economic situation and current business forecasts, the studio will have to make staff reductions in the coming weeks in order to control costs,” Warner's CEO and its studio president wrote in a memo today.
(Read more Warner Bros. stories.)

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