logo
Plus   Neg
Share
Email

AT&T's WarnerMedia Plans To Cut Thousands Of Jobs : Report

AT&T Inc.'s (T) WarnerMedia seeks to cut costs by up to 20 percent as coronavirus pandemic affected its film and TV business. As part of its restructuring, it plans to cut thousands of jobs across Warner Bros. studios and TV channels like HBO, TBS and TNT, the Wall Street Journal reported citing people familiar with the matter.

The restructuring is expected to begin in the coming weeks, the Journal reported.

Warner Bros. reportedly had already cut 500 jobs in August.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
An advisory panel to the Centers for Disease Control and Prevention has proposed that healthcare workers and long-term facility residents be given the first doses of the COVID-19 vaccine when it is cleared for public use in the U.S. The CDC's Advisory Committee on Immunization Practices met virtually on Tuesday and panel passed the proposal 13-1. Online activity on the two days in the Thanksgiving weekend, Black Friday and Saturday, saw tremendous growth, according to the National Retail Federation's Annual Thanksgiving Weekend Consumer Survey, conducted by Prosper Insights & Analytics. Online-only shoppers increased 44 percent to 95.7 million for the entire weekend. Professional services provider Jacobs Engineering Group Inc. announced the launch of One Million Lives, a free mental health check-in tool, to help users understand their current state of mind and seek mental health and wellbeing solutions. The new tool may help people affected by the struggles of ongoing lockdowns during worsening coronavirus crisis.
Follow RTT