Under pressure, the Santa Monica studio eliminates 45 more positions, out of 550, after a similar move in November. Amid continuing fallout from the tough economy and volatility of its movie and DVD business, Lions Gate Entertainment Corp. has slashed jobs for the second time in five months.
The Santa Monica-based movie and television studio is eliminating 45 positions, or 8% of its 550-person workforce, the company said Friday. The latest downsizing included 27 people who were laid off Friday and 10 who were moved into independent contractor consulting jobs and production deals. Eight open positions will not be filled.
Tuesday, March 31, 2009
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment