Washington DC, Aug. 1 -- The Warner Bros. Motion Picture Group will be enacting a round of layoffs that will see job cuts across its marketing, production strategy, operational and theatre ventures divisions, reported Variety.

According to the outlet, roughly 10% of the studio's workforce will be impacted. This move comes as Warner Bros. Discovery, the studio's parent company, is preparing to split itself into two, reported Variety.

The new publicly traded companies will be Warner Bros., which will include the film division as well as the TV studios and streaming operations, while another part called Discovery Global will comprise TV networks, Discovery+ and other assets, reported Variety.

In a note to staff, Warner Bros. Motion Pictur...