The Hollywood ReporterAccording to a source familiar with the matter, some 15 to 20 employees across the entire company were given pink slips, many as part of an ongoing restructuring of the film group's marketing and distribution divisions.
The source added that the layoffs had been in the works for months, and were not impacted by the shutdowns caused by the growing coronavirus pandemic. No other layoffs are currently planned at the studio, which concludes its fiscal year on March 31. BombshellThe layoffs come as Hollywood grapples with the closure of film and TV productions and movie theaters going dark to prevent the growing spread of COVID-19 amid the global coronavirus pandemic.
Please be a precursor for the sale of the company.
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