Warner Bros. Discovery is doing away with the term DEI, but says it is still committed to inclusion within its company. In a memo sent to staff Thursday, the company said it plans to continue to tell inclusive and diverse stories and to build an "inclusive team" through its recruiting and training programs.

Warner Bros Discovery is shutting down three of its videogame development studios in a move aimed at boosting profitability for its gaming division amid a sluggish recovery in the market, a spokesperson for the company's games unit said on Tuesday.