Warner Bros. Discovery Initiates More Layoffs In Cable TV Divisions

Group 1 - Warner Bros. Discovery is initiating another round of layoffs, primarily affecting the cable television segment, with cuts expected to be in the double digits but under 100 employees [1] - The global linear networks division reported a 14% decline in operating profit to $1.8 billion and a 6% decrease in revenue to $4.8 billion in the first quarter [2] - CEO David Zaslav has reorganized the company into two divisions: Global Linear Networks and Studios & Streaming, aiming for quicker decision-making regarding restructuring [3] Group 2 - The reorganization follows the appointment of Channing Dungey as Chairman and CEO of Warner Bros. Television Group and U.S. Networks, who has promoted Brett Paul and Howard Lee to new roles [5] - The U.S. Networks leadership team includes Susan Kolar as Chief Financial & Strategy Officer and Karen Bronzo as Chief Global Marketing Officer for U.S. Networks & News [6]