According to Variety, WarnerMedia will lay off at least 800 staffers as the company restructures its operations for the streaming era. The report indicates that 650 layoffs could be coming on Monday alone from the Warner Bros. studio, with additional cuts to HBO coming later in the week.
- WarnerMedia declined to comment on the report.
- The restructuring will be led by WarnerMedia CEO Jason Kilar, who announced a reworking of the company on Friday.
- Two top executives -- WarnerMedia Entertainment and Direct-to-Consumer Chairman Bob Greenblatt, and HBO Max President and Chief Content Officer Kevin Reilly -- will depart the company.
- WB chief Ann Sarnoff will now lead development for HBO Max as well as the cable networks TNT, TBS, and truTV.