Warner Brothers Layoffs Job Cut: fires 800 employees: Finance Trading Times

Warner Brothers Layoffs Job Cut: fires 800 employees

The news is not good for the employees of Warner Brothers Corporation. The latest additon to the list of companies going for layoffs is the Warner Brothers, which is one of the top entertainment companies of Hollywood. No one seems to be shielded from the effect of recession. It the Warner Brothers Company, which have decided to go for the layoff. Warner Brothers Layoffs

How many employees will be fired in the Warner Brothers layoffs?
There will be around 800 job cuts by the company. That will be around 10% of the global workforce of the company.

How many employees does Warner Bros has?
Warner Brothers has 8,000 employees.

Which employees are affecteed by the Warner Brothers Layoffs
200 open positions worldwide would be eliminated, 300 jobs would be outsourced. Of the 300 jobs to be outsourced, 100 people would be offered jobs at the company to which their positions would be outsourced.

Any compensation or severance package for Warner Brothers employees?
There is no information regarding that.

How much savings is expected to be made by Warner Brothers layoffs?
The savings from layoffs and other measures will amount to Euro 1.5 billion ($1.95 billion).

When will the Warner Brothers layoffs happen?
It is learnt that the job cuts will be made as soon as possible.

Any other news about Warner Brothers layoffs
In the email Horn and Meyer said that despite the company's solid performance in 2008, the decision reflected changes necessary for stability and growth going forward.
Let's hope that alternative jobs are available to the affected employees of Warner Brothers Layoffs Job Cut
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1 Comment: Post your Comments

Anonymous said...(on 1 February 2009 at 22:28 )  

Solid profits and the company is laying off people, while outsourcing its operations. Bollywood and Hollywood seem to be merging at last.

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