warnerbrosentertainment logo Warner Bros. Entertainment to layoff 800 employees

Warner Brothers Entertainment has announced that the company will be laying off 10% workforce which means 800 employees will lose their jobs. The announcement is in line with the current economic downfall. While making the announcement, the company officials said:

We are very sad to announce that based on the global economic situation and current business forecasts, the studio will have to make staff reductions in the coming weeks in order to control costs.