US EditionDavid Zaslav on Possible Layoffs in Netflix Sale: ‘Intention’ Is ‘They’ll Want to Keep Most People Because They Don’t Have a Lot’
Netflix plans to retain most Warner Bros. Discovery employees due to gaps in its current operations, minimizing layoffs after its $82.7 billion acquisition bid succeeds.
5 Articles
5 Articles
WBD's David Zaslav Soothes Staff 'Trepidation' Over Merger Layoffs, Says Netflix Wants 'To Keep Most People'
Warner Bros. Discovery CEO David Zaslav told staffers Friday that layoffs would be minimal post-merger with Netflix because the streamer needs supplemental staff, TheWrap has learned. “The idea of coming together with another company, there are going to be some trepidation. I understand that, but it is a good fit,” the executive said in a town hall for staff Friday. “The intention is that they [Netflix] want to keep most people, because they don…
David Zaslav on Possible Layoffs in Netflix Sale: ‘Intention’ Is ‘They’ll Want to Keep Most People Because They Don’t Have a Lot’
Warner Bros. Discovery CEO David Zaslav told staff Friday that the company's pending sale to Netflix is unlikely to lead to sweeping layoffs.
David Zaslav’s memo to WBD staff addresses sobering reality
Warner Bros. Discovery employees woke up Friday to a defining moment in Hollywood’s shifting landscape. Just hours after Netflix formally announced its $82.7 billion acquisition of Warner Bros., CEO David Zaslav sent a company-wide memo outlining the following steps, the stakes, and the sobering reality of yet another seismic transition facing WBD. The memo, delivered ahead of Friday’s scheduled global town hall, confirms that WBD will establish…
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