Lionsgate Hit With Layoffs as 50 Staffers Cut

Lionsgate was hit with layoffs on Thursday as 50 staffers, or approximately 5% of its workforce, were let go. Lionsgate endured layoffs earlier this year as 5% of the staff was notified their jobs were eliminated, representing a total headcount reduction of 13% across the company. These additional layoffs are part of corporate cost-cutting measures amid an “industry environment characterized by unprecedented change and disruption,” Lionsgate’s CEO Jon Feltheimer said in a note to staff. “We are continuing to adapt our organization to these changes in order to compete successfully,”...