Lionsgate Offers Voluntary Buyout to Employees as Studio …

Sep 30, 2024 · Lionsgate Offers Voluntary Buyout to Employees as Studio Restructures. The Jon Feltheimer-led company did not specify a target figure for staff reductions but cited a …

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Lionsgate Offers Employees Voluntary Severance Amid ‘Disrupted …

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Sep 30, 2024 · The offer comes after Lionsgate acquired Entertainment One (eOne) from Hasbro, a deal which led the studio to cut 10% of eOne’s workforce last December ahead of the merger.

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FAQs about Lionsgate Offers Voluntary Buyout to Employees as Studio … Coupon?

Does Lionsgate offer a severance and early retirement program?

L ionsgate is offering a voluntary severance and early retirement program to its U.S.-based employees, a move the entertainment company’s top executive says will allow it to adapt its workforce to a disrupted business environment. ...

Does Lionsgate offer early retirement package?

The early retirement package offer comes as multiple studios go through a fresh round of layoffs The post Lionsgate Offers Employees Voluntary Severance Amid ‘Disrupted Business Environment’ appeared first on TheWrap. ...

Does Lionsgate have a target figure for staff reductions?

The Jon Feltheimer-led company did not specify a target figure for staff reductions but cited a "disrupted business environment" for the move. In a move to cut costs, Lionsgate is offering employees in the United States voluntary severance and retirement packages, its CEO wrote in a memo to staff on Monday. ...

Are Lionsgate Studios layoffs a next step?

The company, which cut jobs and slashed TV producer deals as it absorbed eOne, is starting now with a voluntary approach. But, as these things go, layoffs could be a next step depending upon how many staffers take up the packages, which are focused at Lionsgate Studios. ...

Is Lionsgate's severance program related to its recent box office run?

Lionsgate's voluntary severance and early retirement program, which was reported earlier by Deadline, isn't related to the studio's recent box office run, according to people familiar with the matter. The entertainment company posted a string of hits in the 2010s, buoyed by franchises such as "The Hunger Games" and "Twilight." ...

How many employees does Lionsgate have?

A target for the number of staff reductions at the Santa Monica-based company was not disclosed in the note and a rep for the company declined to elaborate on the memo. As of its latest annual report, Lionsgate employed 1,500 staffers worldwide. ...