World News – US – Lionsgate, Disney Studios, Searchlight Pictures face further downsizing –


Leilani Reyes November 5, 2020 – 8:50 p.m.

The film industry is starting to gradually recover, with many films being produced resuming with additional safety precautions.However, the industry as a whole is still adjusting to account for the loss of revenue caused by the State-mandated theater closures Key change is downsizing of staff at all levels Today it was announced that the major Disney and Lionsgate studios are both facing significant staff cuts

Cuts at Lionsgate are significant, with 15% of its film group fired The department held around 450 people after they were laid off in March, and is still shrinking Motion Picture Group chairman Joe Drake said in a statement statement to employees that there would be a lot of reorganization to accommodate changes in the industry, and that « individuals across the MPG will be affected as groups are regrouped, and eliminated as part of this process ”He also noted that the company“ will improve our separation policy in a number of areas, including healthcare, employment support and severance pay, ”to help mitigate the blow to workers. people who have been abandoned

Following this news came the announcement by Deadline that layoffs will also take place at Disney, including significant cuts at ESPN In Disney Studios, the cuts will be made primarily in the marketing department and the theater group based At New York At Searchlight Pictures, a division of Disney, six people confirmed to be fired More exact figures for all studio layoffs have yet to be released, but Deadline has confirmed that several hundred vacancies will also be eliminated

ESPN, layoff, Bob Ley, The Walt Disney Company

World news – US – Lionsgate, Disney Studios, Searchlight Pictures face further downsizing –


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