August 16 in San Francisco (IANS) Nearly 70 employees, or 14% of Warner Bros. Discovery's staff, were let go from HBO and the HBO Max streaming service.
According to The New York Times, the team is being let go under the leadership of Casey Bloys, chief content officer of HBO and HBO Max.
The HBO Max streaming service's unscripted and live-action family programming "were most hit," the report stated late on Monday.
The casting, acquisitions, and foreign divisions of HBO Max were affected by more cuts.
The most recent round of layoffs followed the official merger of Discovery, Inc. and AT&T's WarnerMedia in April.
As part of the agreement, AT&T received $43 billion in cash debt securities and debt retention.
Additionally, for each share of AT&T common stock held at the closure, owners got 0.241917 shares of WBD.As a result, AT&T stockholders got 1.7 billion shares of WBD, which, on a fully diluted basis, accounts for 71% of WBD shares.
Warner Bros. Discovery, sometimes known as "WBD," is a leading independent worldwide media and entertainment firm created as a result of the merger.
The CNN+ streaming service was previously shut down by Warner Bros. Discovery a month after it launched, at a loss to the business of around $300 million.
The new company will produce and market the most distinctive and comprehensive portfolio of brands, franchises, and content for television, movies, and streaming.