Warner Bros. Discovery hits cable TV department with layoffs
S&P recently downgraded WBD's credit rating to junk status.
Photo: Ari Perilstein/Getty Images
Introducing Endless Mode: A New Games & Anime Site from Paste
It’s another tough day for Warner Bros. Discovery staffers after a whole litany of tough days over the past few years. Last winter, WBD spun off its global linear TV department into a new operating division separate from Studios & Streaming. At the time, CEO David Zaslav claimed that the “new corporate structure better aligns our organization and… [will] help us build on our momentum and create opportunities as we evaluate all avenues to deliver significant shareholder value.” One of those avenues is apparently more layoffs.