Warner Bros. Entertainment to cut 800 jobs

Warner Bros. Entertainment to cut 800 jobs

Warner Bros. Entertainment has announced their plans to cut around 800 jobs in their operations.

The Time Warner owned company would now hire contractors to run parts of its systems in the USA.

The company employees around 8000 workers and they are now asking their departments to find ways to cut their budgets by around 10%.

Chief Executive Officer Barry Meyer and President Alan Horn stated in a message sent to company employees: “Despite the fact that the company performed solidly in 2008, this decision reflects changes necessary for stability and growth going forward.”

Company spokesperson Scott Rowe added: “Warner Bros. is not immune to the changing entertainment business landscape, shifting consumer demand and the state of the global economy.”