It’s a difficult day at WarnerMedia, which is undergoing a round of major layoffs, part of a company-wide restructuring led by the new CEO Jason Kilar.
As part of the re-adjustment, the company is leaving Jeffrey R. Schlesinger President, Warner Bros. Worldwide Television Distribution; Ron Sanders, CEO, Worldwide Theater Distribution & Home Entertainment and EVP, International Business Operations; and Kim Williams, EVP and CFO, Warner Bros. Entertainment.
They go with Bob Greenblatt, chairman, WarnerMedia Entertainment and Direct-to-Consumer; Kevin Reilly, Chief Content Officer, HBO Max and President, TNT, TBS and truTV; as well as Keith Cocozza, EVP for Corporate Marketing and Communications, whose results were announced on Friday.
WarnerMedia begins layoffs in recent streamlined attempts
In total, approximately 600 employees in several divisions are expected to be released as of today. Warner Bros. Entertainment is believed to be strongly influenced.
“Jeff, Ron and Kim are all highly valued members of my leadership team, and we will forever be grateful for the many meaningful and lasting contributions each one has made to Warner Bros.,” said Ann Sarnoff, President and CEO of Warner Bros. and recently announced the head of WarnerMedia’s Studio and Networks Group. “I thank them all for their dedication and years of service and wish them the best in their next chapter.”
Distribution is an area that is usually vulnerable to consolidation. It was the first division to see top-notch liquidations and major layoffs following the merger between Disney and Fox.
Schlesinger, a 37-year-old Warner Bros. / Lorimar veteran, was responsible for the global distribution of Warner Bros., HBO and Turner content to all television platforms worldwide, including sales of previously produced series and feature films for U.S. broadcasts and cable outlets, domestic syndication and sales to SVOD and AVOD platforms. He has served in his current role since 2013.
It has been a good 37-year run, with 26 as president of the International Television Distribution, spanning six mergers, millions of miles traveled, thousands of programs sold and billions of dollars generated. In the end, it took a global pandemic and a complete reorganization of the company for me to overcome the last hurdle, ”said Schlesinger. I hope I will always be remembered as the only studio leader who went to an International Screenings party in the studio at the back of an elephant during the “good old days”. “
Sanders, a 29-year-old Warner Bros. veteran, oversaw the global theatrical distribution and distribution of home entertainment.
“Warner Bros. is known for being the most famous studio in history for good reason,” Sanders said. “The talent is unmatched, both on the creative and business side, and I am honored to have been entrusted with overseeing a large portfolio of companies around the world for the past 30 years.”
Williams was named EVP and CFO of Warner Bros. Entertainment in January 2015. She was responsible for the company’s financial activities, including financial reporting, budgeting and planning.
“Warner Bros. has a unique and wonderful story; slanderous and iconic, it’s one I’m proud to have been a part of. It is also filled to the brim with the best and brightest. I will spend my time at this amazing company, she said.