Time Warner Inc.’s Warner Bros. Entertainment studio will eliminate 10% of its global workforce, or about 800 jobs, the Associated Press reports. The announcement was made Tuesday by CEO Barry Meyer and President Alan Horn in an e-mail to company employees, citing the studio’s agenda for “stability and growth going forward,” according to the news service. Most of the cuts will happen at the studio’s Burbank headquarters, with additional positions outsourced to other companies and some open positions remaining unfilled, the AP says.
—Sergio Ibarra