Bank of America analysts have suggested that Warner Bros. Discovery should explore strategic options as the current structure is not working effectively. The company has been laying off more people, which is seen as a potential measure to improve its stock performance. The merger between WarnerMedia and Discovery, which closed on April 8, 2022, has been criticized for enlarging WarnerMedia’s dying linear TV business. Critics argue that the main issue facing Warner Bros. Discovery is mismanagement rather than structural problems. The stock symbol for Warner Bros. Discovery is $WBD.