Layoffs coming to Warner Bros. Discovery

Hundreds of people are expected to be laid off on the business side of Warner Bros. Discovery, via a round of layoffs that will begin Tuesday, sources tell Axios.Why it matters: Executives have warned for months that the merger between WarnerMedia and Discovery would yield roughly $3 billion in synergies.
- Rising interest rates and a weak macro-economic climate has put pressure on media companies to be more disciplined about costs.
Details: About 30% of the combined ad sales teams across WarnerMedia and Discovery are expected to be cut over the next few weeks, sources told Axios.

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