Netflix to Cut 1,000 Jobs; Zaslav Exits WBD With $606 Million
Netflix will lay off about 6% of its workforce, while former Warner Bros. Discovery chief David Zaslav leaves with $606 million.
Netflix announced it is cutting 1,000 jobs, about 6% of its workforce, according to a letter in which its co-CEOs said the business is strong and growing. The layoffs were reported in an animation industry roundup by cartoonbrew.com.
Separately, David Zaslav is exiting Warner Bros. Discovery with $606 million after years of layoffs and cost-cutting at the company. The exit comes despite 82% shareholder opposition and missed financial targets.
The Paramount merger is described as threatening more jobs at Warner Bros. Discovery.
Animation news from the View Conference
At Italy's View Conference, Disney screened 30 minutes of its upcoming feature Hexed, Laika revealed production figures from Wildwood, and Pixar explained how a side project made Hoppers character Tom the Lizard a viral PR sensation.
Elsewhere in the industry, The Proud Family is getting a stop-motion holiday special, with Bruce W. Smith teaming with Portland-based HouseSpecial. The Archer team is reuniting for a new HBO animated comedy, Merrick & Treves, set in Victorian England with a two-season order. Previs studio Proof is expanding into New York.
Quick answers
How many jobs is Netflix cutting?
Netflix is cutting 1,000 jobs, about 6% of its workforce, according to a letter from its co-CEOs.
How much is David Zaslav receiving on his Warner Bros. Discovery exit?
David Zaslav is exiting Warner Bros. Discovery with $606 million.
What new animated projects were announced at the View Conference?
Disney screened 30 minutes of Hexed, Laika revealed production figures from Wildwood, and Pixar discussed how Tom the Lizard from Hoppers became a viral PR sensation. The Proud Family is also getting a stop-motion holiday special, and the Archer team is reuniting for HBO's Merrick & Treves.