Warner Bros. Discovery Implements New Layoffs Across Multiple Divisions

The entertainment giant cuts nearly 1,000 positions, with the finance division most affected.

Layoffs impact employees in finance, production, business affairs, and the Max streaming service.
This round follows previous layoffs at CNN and other Warner Bros. Discovery entities.
The company has been undergoing restructuring since the Warner Media and Discovery merger.
Other major entertainment companies like Paramount and Disney are also planning cuts.
Analysts suggest the layoffs are part of efforts to address declining stock performance.