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

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


More Brad Pitt

Fury - International Trailer and Featurette Trailer

During April, 1945, the final month of World War Two, the Allied Forces are making their final push into German territory. With the recent death...

De Niro, Pitt and DiCaprio Set for Martin Scorsese Short Film

In what may well be the most star-studded short movie of all time, Martin Scorsese will direct a campaign video for Melco-Crown Entertainment (MCE) starring...

So, Brad Pitt And Angelina Jolie Are Married. Here's What They're Doing Career-Wise

In celebrity news you should definitely care about, Brad Pitt and Angelina Jolie are now officially, legally married. It’s been kind of a public secret...

Brangelina Marry: Hollywood's First Couple Tie The Knot!

The tabloids will have to find another couple to speculate over; Brad Pitt and Angelina Jolie have at last tied the knot after a two...


DiCaprio, Johansson, Laurie: A Sneak Peak At Celebrity Auditions

TV and film superstars often don’t seem like real people. They live on a screen in our front room, or occasionally on a bigger screen...

Brad Pitt's Oscar-Tipped 'Fury' To Close London Film Festival 2014

Brad Pitt'sOscar tipped World War II dramaFuryis to close the 2014 London Film Festival. Pitt will attend the screening - which will also serve as...

It's Official: Chuck Palahniuk is Working on 'Fight Club 2'

18 years since Fight Club ripped up the rule book for modern day American fiction, Chuck Palahniuk has confirmed he is working on a sequel...

The Jolie-Pitt Clan To Act In Upcoming Blockbuster "Cleopatra". Yes, All Of Them.

Brad Pitt, Angelina Jolie and their six children might be the biggest family in cinema – in more ways than one – so we kind...



Brad Pitt Newsletter

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

Unsubscribe | Unsubscribe All