WarnerMedia started layoffs this week with a heavy focus at Warner Bros. Entertainment, according to media reports.
The layoffs at the Burbank film and television studio include Kim Williams, the chief financial officer of Warner Bros.; Worldwide Television Distribution President Jeff Schlesinger, and Ron Sanders, who is Warner Bros. president of Worldwide Theatrical Distribution and Home Entertainment and Executive Vice President, International Business Operations.
All together about 600 staffers are expected to be let go as the entertainment company continues to be roughed up by the coronavirus pandemic that had caused production slowdowns and delays to feature film releases, the Los Angeles Times and Hollywood Reporter reported.
The layoffs come as WarnerMedia executives restructure the studio operations. Last week, WarnerMedia Entertainment and Direct to Consumer Chairman Bob Greenblatt and Content Chief and TBS, TNT and TruTV President Kevin Reilly were fired, both papers said.
On the promotions side, Warner Bros. Chief Executive Ann Sarnoff was made head of WarnerMedia’s studio and network group.
“Jeff, Ron and Kim are all highly valued members of my senior leadership team, and we will be forever grateful for the many meaningful and lasting contributions each of them has made to Warner Bros.,” Sarnoff said in a statement. “I thank them all for their dedication and years of service and wish them the very best in their next chapters.”
“Warner Bros. is known for being the most celebrated studio in history for good reason,” Sanders said in a statement. “The talent is unmatched, both on the creative and business sides, and I’m honored to have been entrusted to oversee a great portfolio of businesses around the world for the last 30 years.”