Warner Brothers Entertainment is to shed 10 per cent of all employees as the recession starts to bite in Hollywood. Warner plans to cut about 800 jobs with most of the cuts coming in information technology and support services. In a letter to Warner Bros staff, Barry Meyer, the studio's chairman, said the cuts reflected "changes necessary for stability and growth going forward".
"The changing entertainment business 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," he added. The studio also plans to move an unspecified number of jobs to India and Poland.
The studio has also sharply cut the number of movies it releases, falling from a peak of more than 40 a year to about 25 in 2008.