WarnerMedia Expected to Layoff at Least 800 Employees as Company Restructures Under Jason Kilar
WarnerMedia is going through some major changes. Just last week, news came out that new CEO of the company, Jason Kilar, boarded Andy Forssell — who was the GM & EVP of WarnerMedia’s direct-to-consumer division — to run WarnerMedia’s entire direct-to-consumer business. The move sees longtime execs Bob Greenblatt and Kevin Reilly leaving the company.
It turns out that these aren’t the only changes coming to the company. According to Variety, the media giant is currently in the middle of doing some major restructuring, which will see the layoffs of at least 800 employees, while HBO is expected to let go of 150 to 175 people.
The changes come as the industry as a whole is trying to deal with the aftermath of the coronavirus and cater to customers who are going from pay-TV to SVODs. NBCUniversal, for example, “has wrestled with economic headwinds spurred by theme-park closures, limits on content production and a downturn in advertising. And earlier this week, it announced it would elevate a single executive, Frances Berwick, to manage content for streaming, cable and broadcast venues while seeking a new person to develop programming for all three,” Variety noted.
In June, WarnerMedia announced that they appointed Richard Tom as the chief technology officer of the company. Tom reports to Kilar and is responsible for technology and operations organization, including technology strategy, platform development and operations as well as shared services across WarnerMedia.
Like Kilar, Tom did a stint at Hulu, previously serving as CTO and SVP of the streaming service, where he built and led the technical infrastructure that powered Hulu’s success with advertisers, content partners and customers.
Other industry veterans who’ve joined the team are former DirecTV executive Sarah Lyons, Jess Miller (previously of DirecTV Now), former Hulu executive Katie Soo, former Warner Bros researcher Keith Camoosa and former Crunchyroll head of business intelligence Reid DeRamus.