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Key takeaways
- Warner Bros. Discovery is rumored to be introducing more layoffs as more top executives leave the media company
- The actors and writers strike is set to drag on as rage over media companies advertising AI jobs has given the strike fresh momentum
- Warner Bros. Discovery’s stock price is up 37% this year, but could be hit by Q2 earnings released later this week
Media companies have been no strangers to hard times while the economic downturn has persisted, with many major studios making layoffs ranging from hundreds to thousands. Warner Bros. Discovery is rumored to be making more job cuts, potentially announced as part of this week’s earnings call, after more executives have left the company.
The streaming services are under siege right now with pressure to deliver new subscribers, deliver on cost-cutting promises to Wall Street and handle the actors and guild strike, which is newly enraged by AI media jobs cropping up. Despite everything, Warner Bros. Discovery’s stock is still up. Here’s the latest.
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