AT&T Restructures WarnerMedia As It Prepares To Take On Netflix, Layoffs Expected: http://dld.bz/ht2B4 #Business #management
AT&T announced a sweeping restructuring of its WarnerMedia entertainment unit Monday, streamlining its operations as it prepares to take on Netflix. The restructuring would better integrate the administrative operations of HBO and Turner, and conserve cash for programming. These changes are expected to lead to cost-cutting and layoffs, the Wall Street Journal reports.