MUMBAI: Hit by the global recession bug, Warner Bros. Entertainment has announced that that it would cut 800 jobs, or 10 per cent of its worldwide staff.
Despite releasing good revenue earning films like The Dark Knight last year, the company states that the slump in DVD sales and the slow uptake of Blu-ray discs led them to take this decision.
Studio chiefs of Time Warner Inc‘s Warner Bros sent an email to the employees worldwide stating that they would have to cut jobs due to the current economic downturn in the coming weeks.
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