Warner Brothers cuts nearly 800 jobs

MOVIE STUDIO WARNER BROTHERS has had to cut 800 jobs thanks to losses in its parent company's cable and Internet division.

While the studio has done quite well in its movie business, Time Warner's Internet cable, magazines and Internet arms have had to be written down by $25 billion due to the drop in advertising.

About 300 jobs in information technology and accounting are being outsourced through French company Capgemini and some of the jobs will move to India and Poland. About 100 of those back office positions will be offered to current employees who will continue to be based in Burbank. µ

L'Inq
AP