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10 recent company layoffs - Warner Bros. Entertainment
Warner Bros. Entertainment
Announced: Jan. 20
Number of layoffs: 800 jobs
Reason for the cuts: "The changing entertainment landscape, shifting consumer demand and the overall state of the economy have affected companies around the world, and Warner Bros. is not immune to these factors," Warner Chairman Barry Meyer and President Alan Horn said in an e-mail memo to employees.
The move is expected to save the movie and television studio more than $50 million annually.