By many measures, Warner Bros. Discovery had a bad 2024. Revenue dropped 4.8% to $39.3 billion. The company posted a staggering $11.5 billion net loss, largely because of a $9.1 billion goodwill impairment charge that reflected the lower valuation of its linear TV networks.

Warner Bros. Discovery shareholders just rejected CEO David Zaslav's pay package. Wall Street thinks a split-up of the company may be next.

Less than a year after its last major round of cuts, Warner Bros. is reportedly planning to axe more cable TV staffers. Sources for Deadline suggest that the layoffs will be in the double digits, but “well under 100.