News reports stated that the “Warner Media” company for media services of the American “AT&T” group intends to cut its expenditures by 20%, in light of the repercussions of the Corona virus pandemic on its activities in the fields of cinema and television.
The Wall Street Journal, citing informed sources, said that as part of the restructuring efforts, the company plans to cut thousands of jobs at Warner Brothers Studios, Inc. and in TV channels such as HBO and TV. BS and TNT.The newspaper said that restructuring is expected to begin in the coming weeks.
A report indicated that Warner Brothers had already cut 500 jobs in August.
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