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'Dark Knight' Couldn't Save 800 Jobs at Warner Bros.
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.
One year ago, Congress voted to defund public media, eliminating a critical $1.7 million from our budget every year going forward. But they couldn’t silence us, and we’re not going anywhere. LAist is now 100% community funded and that means we’re taking our future into our own hands and turning to you to keep local reporting strong.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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