Warner Bros Discovery (WBD) has sent pink slips to around 1,000 workers, according to a report published on Tuesday.
The report, published online by Variety, said the layoffs were largely concentrated in the financial divisions of WBD, but also impacted workers in production roles associated with the cornerstone streaming service Max.
The company was still working to inform all affected workers, Variety said, noting that not everyone who was destined to be laid off was aware of the situation by publication time.
WBD has implemented several rounds of layoffs over the past two years: The company eliminated around 30 percent of its advertising division in 2022, laid off nearly 100 workers across its cable networks last June and let go of 300 journalists at its New Zealand media operation earlier this year.
WBD was formed through the merger of AT&T’s WarnerMedia and Discovery Communications two years ago. In addition to Max, the company operates the direct-to-consumer streaming service Discovery Plus, as well as several domestic and international television networks like Cartoon Network, the Discovery Channel, Animal Planet, Eurosport, TNT, TBS and CNN.
