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Lionsgate Layoffs Will Trim Overall Staff By 50; Read Jon Feltheimer's Internal Memo

EXCLUSIVE: Lionsgate will be reducing 5% of its companywide staff, Deadline has learned.  Approximately 50 staff overall will exit in a move that adds to a previous trim. The earlier layoff constituted 8% of staff, which will mean Lionsgate will have lightened its head count by 13% when this round of bloodletting is done. The purpose of the headcount reduction is corporate belt-tightening, as all companies in the industry are doing, including the ongoing attrition at Paramount Global after its acquisition ...