SLASH - WEINSTEIN COMPANY MAKING SEVERE STAFF CUTS

WEINSTEIN COMPANY MAKING SEVERE STAFF CUTS

Despite its recent success with Inglourious Basterds , the Weinstein Co. is planning to make deep staff cuts and slash its output of films, published reports said today (Thursday) following an item that appeared Wednesday in the New York Post. According to the accounts, about a quarter of the company's staff, nearly 35 positions, will be eliminated, some by layoffs, others by attrition. It would mark the second round of layoffs at the company this year and leave the "mini-major" studio with a total staff of 70-80. The company also plans to cut the number of films it releases annually to about 10, from the current 12. A TWC spokesperson told Daily Variety "In this economic climate, it makes sense to focus on a smaller slate, and with that, we need fewer people."

24/09/2009