Warner Bros. Studio Said Planning Buyouts to Boost Profit
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Time Warner Inc.’s Warner Bros. unit plans to offer buyouts to an unspecified number of workers as part of a drive to increase profit, according to two people with knowledge of the situation.
The Burbank, California-based studio, led by Chairman and Chief Executive Officer Kevin Tsujihara, may fire staff if too few employees take the offer, said the people, who asked not to be identified because the matter is private. Cost cuts at the film, television and home-entertainment businesses will go beyond personnel, the people said, without being more specific.