AT&T’s WarnerMedia is planning to cut thousands of jobs as it seeks to slash costs amidst movie theater and production shutdowns due to the coronavirus pandemic and the acceleration of cordcutting. Comcast’s NBCUniversal announced similar cuts earlier this year while Disney is rumored to be planning its own restructuring, according to people familiar with the situation. WarnerMedia is...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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