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WARNER BROS. CHIEF CONFIRMS PLANNED CUTBACKS

September 5, 2014 by · Leave a Comment 

"It pains me to say this," Warner Bros. chief Kevin Tsujihara said in a memo to staff Thursday, "positions will be eliminated — at every level — across the studio." Tsujihara did not indicate how extensive the cutbacks would be or when they would take effect, saying only that they were part of "a plan to position Warner Bros. for future growth" in which resources would be reallocated to "our high-growth businesses." (He also didn’t specify what those businesses are.) "Your divisional and departmental leadership will share more information with you about these changes in the months ahead," he said in the memo.