According to Reuters 450 employees at New Line Cinema will be losing their jobs as a result of the company folding and joining Warner Brothers in February. Around 40 of New Line’s employees will be offered new jobs at Warner Bros, in positions that will not displace existing Warner Bros. jobs. Executive Jeff Bewkes said in February.
“We are moving quickly to improve our business performance and financial returns,” Time Warner Chief
It’s a shame such a large amount of people will be losing their jobs, but it was expect as New Line is now Warner Bros’ bitch.