HBO to lay off about 7 percent of workers: Report

Richard Plepler, HBO Chief Executive Officer
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Richard Plepler, HBO Chief Executive Officer

HBO is planning to lay off over 150 employees beginning as early as this week, Variety reports.

Citing anonymous sources, the report indicated that about 7 percent of HBO's 2,400 employees will be let go just weeks after other Time Warner units announced similar cuts. A representative declined to comment, according to Variety.

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"We reviewed 2015 budgets and staffing plans with this in mind and reduced cost and redundancy wherever possible to preserve our ability to invest in our future," HBO CEO Richard Plepler wrote in a memo obtained by Variety. "This will unfortunately include the elimination of some positions."

For the complete story on the potential HBO layoffs, see Variety's report here.