Despite World War Z Success, Paramount Pictures Lays Off 110 Workers

Subscribe to Brad Pitt alerts

Paramount Pictures is laying off 110 staff at its Los Angeles and international offices, with those in finance, human resources, information technology, international home media distribution and the legal and marketing departments hit hard by the cuts.

World War ZWorld War Z Was A Massive, Unexpected Hit For Paramount Pictures

In a memo to employees, Paramount's chief operating officer Frederick Huntsberry said, "Change is always difficult and we never take these steps lightly. We are confident that these changes will allow us to manage our business with greater speed and flexibility and fully capitalize on opportunities in the global entertainment market," according to the Los Angeles Times.

Worryingly, it's the second round of layoffs in about two years for the studio, with 120 employees losing jobs in October 2011. It was a relatively underwhelming 2012 for the studio, offering up only The Dictator, Madagascar 3, Katy Perry: Part of Me, Paranormal Activity 4, Flight, Rise of the Guardians, The Guilt Trip and Jack Reacher. Some of those movies made money, none with blockbuster hits.

However, the studio has since fought back with some recent hits including World War Z, with Brad Pitt, Star Trek Into Darkness from J.J Abrams and the action sequel G.I. Joe: Retaliation. The sci-fi flick earned some $467 million while Pitt's zombie apocalypse movie, which was blighted by delays, budget worries and script re-writes, took a massive $539 million. A sequel is currently in the works. 

Star Trek Into DarknessChris Pine [L] and Zachary Quinto [R] In Another of Paramount's Hits 'Star Trek Into Darkness'

Despite the layoffs, Paramount should continue its good run towards the end of 2013 and into 2014, with The Wolf of Wall Street, starring Leonardo DiCaprio, Anchorman 2: The Legend Continues with Will Ferrell, and Noah, featuring Russell Crowe. 


Tags: Brad Pitt - Paramount Pictures

Subscribe to Brad Pitt alerts

More Brad Pitt

How Filming "By the Sea" Brought the Jolie-Pitt Family Closer Together

Fresh off the release of Unbreakable, Angelina Jolie is diving into the promotional interviews for her romantic drama By the Sea. Having filmed with Brad...

Brad Pitt Dismissed From Jury Duty For Being Too Famous

Another reason why being famous rocks - the Get Out Of Jury Duty Free card. Brad Pitt has been allowed to skip the usually mandatory...

David Oyelowo Credits Oprah With Bringing 'Selma' To Fruition

David Oyelowo became involved with Martin Luther King biopic 'Selma' seven years ago; a project which saw many pitfalls along the way - from financing...

Angelina Jolie Named TIME's Woman of the Year

Angelina Jolie is TIME’s Woman of the Year for 2014. Congratulations. Great. Good. After directing her second movie, starring in Disney’s Maleficent and speaking at...


Sony's Oscar Targeted 'Fury', 'Annie', 'Still Alice' Leak after Hack

Five Sony movies, three of which the studio had hoped would compete at the Oscars next year, have leaked after a hack on the studio's...

With Two Successful Movies Out, Angelina Jolie Can Afford To Do Pet Projects Like "By The Sea"

Recently, Angelina Jolie has made no bones about moving on from acting onto something longer lasting and probably more substantial. I’m hinting at a directorial...

Angelina Jolie Might Be Put Off British Move By 'Mansion Tax'

Hollywood royalty Angelina Jolie has claimed that she might be dissuaded from a potential move to London by the proposed ‘mansion tax’.Angelina Jolie might be...

Angelina Jolie "Absolutely" Plans To Give Up Acting

Angelina Jolie has confirmed her plans to retire from acting.Angelina Jolie has confirmed she plans to retire from acting.Read More:Angelina Jolie Pays Tribute to Louis...



Brad Pitt Newsletter

Subscribe to this news alert service to receive news and reviews on Brad Pitt

Unsubscribe | Unsubscribe All