

Even Apple laid off many of its contract-based recruiters, and firms from Peloton Interactive to LinkedIn have also recently shed staff. Robinhood Markets said this month it would eliminate nearly a quarter of its staff.

In June, crypto firm Coinbase Global said it would lay off 18% of its workforce. Although the job market is still strong, firms that once seemed like sure-fire bets in a stay-at-home economy are laying off staff or freezing hiring. Others are doing the same, particularly at a moment when career risks - such as joining a start-up in a new industry - may begin to lose their appeal. It paid off: Bentley says by returning, she was not only able to rejoin colleagues she loves, but also double her pay. It was a mix of cultural comfort, pay and concern about the economy that drew Bentley back to Duo, whose employees she stayed in touch with on Slack even after she left the firm. “I just realised that start-ups don’t really offer a lot of family benefits that larger companies do,” said Rachel Bentley, a 31-year-old from Austin, Texas, who recently boomeranged back to Duo, a two-factor authentication company owned by Cisco Systems, after stints at Microsoft and a smaller start-up she joined in 2021. Yet just the week prior, the data showed that the US economy shrank for a second straight quarter, amplifying concerns about a recession.Īll the while, employees and employers are locked in a stand-off over perks, pay, remote policies and the very meaning of work itself. Earlier this month, the Bureau of Labor Statistics showed the US labour market added 528,000 jobs in July, beating forecasts more than twofold. So-called “boomerang employees” embody the economic ambiguity of the moment. What’s more, their returns are being brandished by firms large and small, who are boasting everywhere from social media to Slack that the grass isn’t always greener on the other side.

In the US in the first quarter of this year, 4.2 per cent of all new hires for companies that advertised jobs on LinkedIn were boomerangs, compared to 3.3 per cent in 2019, the social-media firm said. In this economy, many employees are returning to previous employers, breaking taboos about workplace loyalty and bucking assumptions about the so-called Great Resignation. Digital Networks, which also oversees Machinima, Warner Instant Archive, Blue Ribbon Content and the digital aspects of the studio’s partnerships with Ellen DeGeneres and LeBron James.Forget return to office. Boomerang likely will be followed by a string of additional OTT offerings to come from Warner Bros. Rather, it was more about obtaining the underlying infrastructure that delivered those shows in order to create more over-the-top services.
BOOMERANG SHOWS TV
When WB bought DramaFever last year, the studio wasn’t buying the asset simply to get into its core business of streaming Korean TV shows. Warner Bros., meanwhile, a year ago acquired DramaFever, which will power the Boomerang internet-video service and also handle customer service. It’s the second SVOD service from Turner, which last fall launched the Turner Classic Movie-managed FilmStruck stocked with classic, foreign and indie movies, including titles from the Criterion Collection. Frank Baum tale, and “Wacky Races,” a reboot of Hanna-Barbera’s late-’60s slapstick-y road-rally series. Animation’s “Dorothy and the Wizard Of Oz,” a new spin on the classic L.

BOOMERANG SHOWS SERIES
The TV channel isn’t going away, and Turner is positioning the SVOD service as complementary to the product it sells to pay-TV providers - as a way for Time Warner to create new revenue streams from its divisions’ intellectual-property portfolios.īut Turner may irritate fans of the Boomerang TV channel by making the SVOD service the exclusive home for new episodes of three popular series: “Scooby-Doo,” “Looney Tunes” and “Tom & Jerry.” In addition, the Boomerang subscription service will host exclusive original series the first of those are Warner Bros. The Netflix-style subscription video-on-demand service is an extension of the linear Boomerang TV channel, which Turner distributes to some 144 million households worldwide and includes many of the same titles. New and classic shows on the service will include “Bugs Bunny,” “Scooby-Doo,” “Tom & Jerry,” “The Jetsons” and “The Flintstones,” with content rotated weekly. It marks the first time the two companies have offered the WB-owned animation library of 5,000-plus titles from Hanna-Barbera, Looney Tunes and MGM on a streaming platform. The Boomerang internet-video service - which will not carry any ads - will launch sometime in the spring of 2017, priced starting at $4.99 per month. Bugs Bunny, Scooby-Doo, the Flintstones and other cartoon favorites will play a starring role in a new subscription-video service version of Boomerang, from Time Warner’s Turner and Warner Bros.
