Monday, June 13, 2011

Warner Lays Off 50 in Home Entertainment, Consumer Products

Warner Bros. has laid off 50 employees from its home entertainment and consumer products divisions.

According to an individual familiar with the job cuts, the layoffs account for around 7 percent of the studio's domestic work force.

The decline in the global DVD business was blamed for the cuts. Earlier this week, Fox announced trims in its home entertainment division, also citing slow DVD sales.

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Source: http://www.thewrap.com/article/warner-lays-50-home-entertainment-consumer-products-28148

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