Warner Bros Discovery plans fresh cost cuts

The streaming operation alone could bear hundreds of millions of dollars in budget cuts, mostly in marketing and technology. — Reuters

NEW YORK: Warner Bros Discovery Inc chief executive officer David Zaslav has ordered his lieutenants to find additional opportunities for cost-cutting in order to hit financial targets for the next couple years, according to sources.

They include the possibility of more layoffs at the company, which has eliminated more than 2,000 positions over the past year, said the sources.