Weinsteins Cutting 11% Of Workforce

NY Post:

The Weinstein Co. is laying off about 11 percent of its workforce as the sickly economic environment further invades Tinseltown, The Post has learned.

Two sources close to the situation said the Weinstein brothers, Harvey and Bob, called their employees into a meeting shortly after 2 p.m. today to break the news.

Roughly two dozen people are being let go across the independent studio's operations, according to the sources.

How much the company will save as a result of the cuts could not be determined, but estimates put it well into the millions.

The move reduces the studio's total workforce to 240 from 264 across offices in New York, Los Angeles, the UK and Hong Kong.

The laid-off employees will be given severance packages based on their length of time at the studio

Read the whole story: NY Post

Comments

[sisterdebmac]

Couldn't happen to a nastier putz. Way to go Harvey. Don't you wish you could get back that $2 million that you wasted trying to muck up Fanboys now? That's a few people's salary for a year. Oh right, never mind, you don't care about any of these people you're letting go, do you? 'Course not.

[gorgol]

I'll agree with others..."HEY HARVEY...HOW ABOUT cutting 11% of what seems to be going into your PIE HOLE".

[repugnicansfearme]

I think if he ate less caviar, bon bons, swilled a little less champagne, maybe he could spare the workforce. What a porker.

[bmwracer]

Maybe Harvey should cut down on his calorie count and keep his people employed.

[JaneaneTheAcerbicGoblin]

Weinstein is broke from the film Grindhouse, and all the cash he's pumping into Tarantino's Inglorious Bastards.

[BartLA]

Simultaneously, Weinstein announced a new reality show, "Project Layoff," saying bidding is open for the networks. Other than Bravo and Lifetime.