Warner Bros. Discovery Layoffs Amid Debt Burden
Warner Bros. Discovery Layoffs Amid Debt Burden
Warner Bros. Discovery Layoffs Amid Debt Burden
News summary

Warner Bros. Discovery (WBD) is implementing a new wave of layoffs, affecting around 1,000 employees primarily in finance, business affairs, production, and the Max streaming platform. The media giant, led by CEO David Zaslav, is exploring strategic options to boost its sagging stock price, including potentially splitting its digital streaming and studio operations from its traditional television networks. This restructuring aims to alleviate the company's $39 billion debt burden and enhance shareholder value as WBD's stock has plummeted nearly 70% since its 2022 merger. Informal talks have been held with advisors to rival media companies to explore mergers and acquisitions. The company has not yet hired an investment bank to pursue any specific transactions. The layoffs and strategic considerations come amid broader industry challenges, including declining cable TV viewership, high streaming costs, and Hollywood strikes.

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Nolte: Warner Bros. Discovery Slashes 1,000 More Jobs, Talks Studio Split
Warner Bros. Discovery reportedly mulls breaking up media giant to boost sagging stock
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Warner Brothers Considers Breaking up to Boost Stock
Warner Bros. Discovery to lay off nearly 1,000 staffers amid calls from analyst to ‘explore stategic options’
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Last Updated
45 days ago
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Story Coverage
Nolte: Warner Bros. Discovery Slashes 1,000 More Jobs, Talks Studio Split
Warner Bros. Discovery reportedly mulls breaking up media giant to boost sagging stock
alt
Newsmax
Right
Warner Brothers Considers Breaking up to Boost Stock
Warner Bros. Discovery to lay off nearly 1,000 staffers amid calls from analyst to ‘explore stategic options’

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