HBO To Cut 7% Of Its Workforce Beginning This Week

October 28, 2014 3:14 PM

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HBO To Cut 7% Of Its Workforce Beginning This Week

Don’t call it HBO Go. But Time Warner’s directive to its divisions to cut head count, part of the media giant’s effort to improve profitability, hits the premium network operation this week. HBO will lay off about 7% of its 2,400 employees — primarily, but not exclusively, among those based in the U.S. Jobs are expected to be eliminated across the board, not by targeting specific units.

HBO chief Richard Plepler told staffers on October 15 — the day when Time Warner execs laid out their growth plans to Wall Street — to brace themselves. The 2015 budget “will unfortunately include the elimination of some positions,” he said in a memo. Acknowledging that “news of staff reductions is ...

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