'Warner Bros mulls outsourcing jobs to India'
Warner Brothers Entertainment is all set to chop ten per cent of its global workforce and outsource jobs to India and Poland, says a media report.india Updated: Jan 22, 2009 11:46 IST
Warner Brothers Entertainment is all set to chop ten per cent of its global workforce and outsource jobs to India and Poland, says a media report.
"Warner Brothers Entertainment, the Hollywood studio behind The Dark Knight, the biggest grossing movie of 2008, is to shed 10 per cent of all employees as the economic recession starts to bite in Hollywood," The Financial Times has reported.
Further, the daily noted that in a move likely to alarm new American President Barack Obama, "who made keeping jobs in the US one of the centre pieces of his election campaign, the studio also plans to outsource an unspecified number of jobs to India and Poland".
The Financial Times in a report published online today said that Warner Bros, which is part of Time Warner, plans to reduce about 800 jobs with most of the cuts coming in IT and support services.
Attributing to a letter by the studio Chairman Barry Meyer to Warner Bros staff, the daily said the cuts reflected "changes necessary for stability and growth going forward".
"The changing entertainment business landscape, shifting consumer demand and the overall state of the economy have affected companies around the world, and Warner Bros is not immune to these factors," Meyer was quoted as saying.
The report pointed out that the job cuts come after a year of cost-reduction moves at Warners. New Line Cinema, Warners' sister company, was merged with the studio.
In addition, Warner Independent Pictures and Picturehouse, the company's two niche labels that specialised in edgier films, were closed, it added.