Warner Bros. Discovery Plans Fresh Cost Cuts, Max Price Hike
- Job cuts are possible as executives look for more savings
- CEO eyes streaming operations’ marketing, technology costs
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Warner Bros. Discovery Inc. Chief Executive Officer David Zaslav has ordered his lieutenants to find additional opportunities for cost-cutting in order to hit financial targets for the next couple years, people with knowledge of the matter said.
They include the possibility of more layoffs at the company, which has eliminated more than 2,000 positions over the past year, said the people, who asked not to be identified because the plans are still being worked out. The streaming operation alone could bear hundreds of millions of dollars in budget cuts, mostly in marketing and technology, the people said.