Hollywood Wins $330 Million In Corporate Welfare, Warner Bros. Axes Staff
Just days after California governor Jerry Brown agreed to soak the state's already-overtaxed citizens for $330 million in corporate welfare for Hollywood's predominantly white and wealthy elite, Warner Bros. announced a series of layoffs at its Burbank studio. Though no number has been revealed, numerous outlets have reported that the first option will be buyouts. If not enough staffers accept, the Warner Bros. axe will fall.
It's worth noting that this series of layoffs comes just a week or so after the parent company of Warner Bros., Time Warner, eliminated upwards of 500 to 600 jobs.
The whole point of the $330 million in corporate welfare giveaway was to create, or at the very least, protect entertainment industry jobs in the state of California.
The rich get richer.
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