Warner Bros. Discover CEO David Zaslav announced cuts in costs for the company due to impact from the Trump administration’s tariffs and will be halting non-essential travel.
Zaslav sent a memo to employees on Tuesday, explaining that Warner Bros. Discovery will have to “minimize discretionary spending” in response to “market volatility and reduced consumer confidence,”
“Effective immediately, all travel that is not business-critical should be cancelled,” the CEO reportedly said.
Non-essential travel included team meetings, off-sites, events, conferences and office visits, TheWrap reports.
Zaslav struck an optimistic tone following Trump’s election in November 2024, saying that the president could “offer a pace of change and an opportunity for consolidation”
“We have an upcoming new administration, and it’s too early to tell, but it may offer a pace of change
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