Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

This is an archival story that predates current editorial management.

This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.

News

'Dark Knight' Couldn't Save 800 Jobs at Warner Bros.

warner_bros_job_cuts.jpg
Stories like these are only possible with your help!
You have the power to keep local news strong for the coming months. Your financial support today keeps our reporters ready to meet the needs of our city. Thank you for investing in your community.

Warner Bros. Entertainment announced today that they'll be slashing their worldwide staff by 10%, or 800 people. Yes, it's the recession. Hollywood has become more savvy to outsourcing and for Warner, management information systems and accounts payable are among the first to go that way. "There are both cyclical and secular issues with film production. For many years, there has probably been too many movies being produced and a cyclical downturn has forced some rationalization," an analyst told Reuters. Sony has already announced a cut in 8,000 jobs in their electronics division, but their Hollywood division is expected to be next.