Warner Bros. Discovery, due to a decline in its cable TV operations and decreasing viewer numbers, has implemented strategic layoffs across its broadcast channels.
The television divisions owned by the media group encompass TNT, TBS, CNN, Food Network, Discovery, TLC, Cartoon Network, and Turner Classic Movies in their traditional broadcasting sector. According to a reliable source, less than 100 employees are expected to be let go, with no specific location or network bearing the brunt of these redundancies more than others. The downsizing, similar to measures taken by other pay-TV networks grappling with declining cord-cutting trends, is part of Warner Bros. Discovery’s continued pursuit of operational efficiency.
During the first quarter of 2025, the linear TV networks sector of the company experienced a 7% decrease in revenue, totaling approximately $4.7 billion. Warner Bros. Discovery reported a 12% drop in advertising revenue and a 9% decline in distribution revenue. The company attributed these decreases to lower viewership at their networks. In Q1, the adjusted operating income of the cable TV division dropped by 15%, reaching $1.79 billion.
This week, the reduction in workforce at WBD’s cable division follows Disney’s decision to dismiss numerous employees across TV production, filmmaking, and corporate finance departments.
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2025-06-04 22:16