Warner Brothers has reported that is will let go 800 employees as an overall company cutback.
What I’ve heard is that this was not a decision made by Warner Brothers themselves but by their parent company, Time Warner.
These 800 people represent 10 percent of the studio’s staff, which is sad because Warner Brothers had such a strong year in the box office and I’m sure these people thought they had some sort of security.
Co-Chairmen Barry Meyer and Alan Horn told IMDb the reason for the cut backs, “It was a last resort to help position the company for its future. The changing entertainment business landscape, shifting consumer demand and the overall state of the economy have affected companies around the world, and Warner Bros. is not immune to these factors.”