Warner Bros. Said to Start Cutting More Than 1,000 Jobs
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Time Warner Inc. began cutting more than 1,000 jobs at its Warner Bros. film studio, according to a person familiar with the matter, as Chief Executive Officer Jeffrey Bewkes presses a campaign to reduce costs.
The studio employed more than 8,000 people worldwide before the firings, said the person, who asked not to be named because the figures aren’t public. That suggests reductions in the range of 12 percent to 13 percent at the Burbank, California-based entertainment unit.