Warner Brothers Canada quietly laid-off about 50 employees in Toronto this week, as part of a global consolidation of staff.
The company said it is “continually looking at ways to run its business more efficiently in order to remain competitive” when asked about the cuts. It wouldn’t disclose how many employees worked in the Toronto office or provide more detail about why the cuts were needed.
The privately held Burbank, Calif. company produces and distributes movies and television shows and handles licencing and merchandising. It produces and distributes DVDs and also handles digital distribution and brand licencing for feature films and television shows.
The Toronto cuts focused on the office’s finance workers.
“Our goal with any cost-cutting measure is to continue to operate our businesses as best-in-class without any impact to the quality of services, product or content they deliver,” a company spokesman said.
Warner Brothers Entertainment Inc. has about 7,300 workers around the globe.