HBO Max cuts 14% of staff, or 70 employees, mainly in casting, acquisitions, and reality TV divisions
HBO is letting go at least 70 employees at HBO Max, mainly from the company’s reality, casting, and acquisitions departments, according to people familiar with the matter.
The job cuts are a result of Discovery acquiring WarnerMedia in April to reduce costs. Starting next year, HBO Max and Discovery+ will be combined as one streaming platform.
Discovery closed on its $43 billion acquisition of WarnerMedia in April.
CEO of Discovery, David Zaslav, has expects $3 billion in synergies from the merger.
The purpose of the job cuts is to eliminate an overlap as HBO Max and Discovery+ come together as one streaming service.
Discovery will provide the reality programming, making HBO Max’s reality division unnecessary, the people said.
HBO also frequently works directly with casting directors, rather than using internal people, and has phased out many of its so-called pay-one deals, in which it acquires licensed films — work done by its acquisitions department.
Departments affected by the job cuts include business affairs, programming, and production.
No shows will be canceled as part of the job cuts. The job cuts aren’t targeted at HBO Max’s scripted series or films.