News

Warner Bros. CEO Announces Layoffs In ‘Most Business Groups’

by Mike Futter on Nov 05, 2014 at 01:51 AM

Warner Bros. CEO Kevin Tsujihara announced to his company’s employees that layoffs are set to begin across the organization this week. While there are no specifics yet about Warner Bros. Interactive, Tsujihara says that “most business groups will be announcing staff changes.”

“These are difficult decisions, and we don’t take them lightly,” Tsujihara wrote in a memo to staff that was provided to Game Informer. “We examined every aspect of our businesses to ensure that we were restructuring in a way that would allow us to minimize the impact on our employees, while continuing to adapt to the changing global marketplace.”

In addition to cuts starting this week, Warner Bros. will continue layoffs through the first quarter of 2015. International branches of the company will be impacted also, with those announcements coming early next year.

In October, Infinite Crisis developer Turbine (a wholly owned subsidiary of Warner Bros. Interactive) announced an unspecified number of layoffs. Parent company Time Warner today reported significant declines for Warner Bros. year-over-year. Operating income decreased $61 million (20 percent) compared against the same quarter in 2013. 

Warner Bros. Interactive declined to provide further detail regarding specific developers or operations that would be affected. 

[Source: VarietyTime Warner]

 

Our Take
Our thoughts are with those affected now and in the coming months. We’ll update should we learn more about specific studios impacted by layoffs.