Little fish, meet big fish -- Warner laying off most of New Line staff
Time Warner has been sending out the pink slips en masse to New Line Cinema employees this week. Only about one month ago, New Line was brought under the Warner umbrella. The layoffs began on Monday, and will cut about 450 employees off the rolls across both New York and Los Angeles offices. We're sad to see the cuts, and hang on to hopes that this will not have not a negative impact on the Lord of the Rings trilogy coming to Blu-ray. New Line isn't disappearing, and will be left with a small team for production, marketing, publicity and business affairs. [Disclosure: Engadget is part of the Time Warner family.]
Filed under: Industry
Reader Comments (Page 1 of 1)
mitchelljd @ Apr 16th 2008 12:37PM
This is a sad end to an era! Time Warner ought to have just forced them to use Warners Distribution and Home Video, but kept the core of New Line together.
Sad to see such a fantastic company being reduced to rubble and made an "imprint" with a tiny staff
Andy Sullivan @ Apr 16th 2008 12:49PM
Money talks. Loyalty to the employee is an after thought these days. Like many other company's, employees at New Line put their life's into the company only to be cast to the side like so much garbage.
daaper @ Apr 16th 2008 1:59PM
That's the problem when one company buys another. There's, almost always, a lot of redundancy that needs to be trimmed out. It's not a matter of being loyal to the employee, it's a matter of only needing so many people to run a company.
Terpy @ Apr 16th 2008 2:00PM
"Engadget is part of the Time Warner family"
Scratch family, insert empire
Terpy @ Apr 16th 2008 2:02PM
"Engadget is part of the Time Warner family"
Scratch family, Insert Empire
Terpy @ Apr 16th 2008 2:07PM
"Engadget is part of the Time Warner family"
Scratch family, insert Empire.
BobTheMonkey @ Apr 16th 2008 2:58PM
I did it already! Quit reminding me!
FLskydiver @ Apr 16th 2008 5:45PM
BobTheMonkey - ROFL!
Ben Wraith @ Apr 16th 2008 7:59PM
I don't know of any more recent statements, but I really hope they can see that it's a no-brainer.
Has anyone heard anything else about plans for LOTR on Blu-ray?