Warner Brothers Studios to cut 800 jobs

Warner Brothers has announced today that it is planning to cut 10% of its worldwide workforce which is approximately 800 jobs. The reason that Warner Brothers provided for this was the poor shape of the economy. Warner Brothers is a subsidiary of Time Warner Inc.

http://money.cnn.com/2009/01/20/news/companies/warner_bros_cuts.reut/index.htm?cnn=yes