10%.
That’s the percentage cut in jobs Warner Brothers has made. Pretty outstanding if you think about it. See the music racket isn’t all limos, pole dancing and coke lines.
200 open positions worldwide would be eliminated, 300 jobs would be outsourced. Of the 300 jobs to be outsourced, 100 people would be offered jobs at the company to which their positions would be outsourced.
Are you keeping up?
Despite a solid 2008, $1.95 billion dollars just got cut from the WB budget.
The cut was made to facilitate growth in the upcoming year.
Outsourcing is always a financially sound decision, good to see WB on board with that
Analyst predict Sony is next in line to hand out the pinks.
Are these just signs of the times? The ‘global economy’?
Not sure but its interesting to see that beneath the glitz is business scrambles.
As you may be aware Warner Brothers is more than music there actually ‘entertainment’ of all forms. Time Warner, all cable TV, the magazine division, all imprints.
The Warner Brothers Records division is little less top heavy today packing the penthouse floor offices of
Senior VP of Digital Music Jack Isquith, SVPs of A&R Perry Watts-Russell and Kevin Williamson, SVP of Marketing Rob Gordon, VP of Promotions Franco Iemmello, VP of Urban A&R Naim Ali, VP of Video Promotion Wendy Griffith, VP of Marketing Andrea Kinloch, and SVP of Promotion Tom Biery.
That’s an ass load of VPs. I’m thinking there are still a few left to say the least.
The word on the street is that its not loss of revenue from their source but a series of bad investments and misappropriation.
hmmm…
Welcome to the Real World.