Warner Bros. lays off 10% of Motion Picture Group, Variety reports

The Warner Bros. Motion Picture Group is enacting a round of layoffs that will see jobs cut across its marketing, production strategy, operations and theater ventures divisions, Variety’s Brent Lang reports. Roughly 10% of the studio’s workforce will be impacted, sources say. The move comes as Warner Bros. Discovery (WBD), the studio’s parent company, is preparing to split itself in two. The new publicly traded companies will be Warner Bros., which will include the film division as well as the TV studios and streaming operations, and Discovery Global, which will be comprised of TV networks, Discovery+ and other assets, the authors note.