Miramax may cut 35% of staff
Posted: Mon Aug 09, 2004 9:29 am
Film studio Miramax, which has clashed recently with parent Walt Disney, plans this week to lay off about 35 percent of its workforce to cut costs and improve efficiency, the New York Post says, citing an unidentified source familiar with the situation.
The cuts would affect about 160 of Miramax's 450 employees in all areas of the company, mostly mid-level and lower-level employees, the newspaper said on Monday. Earlier this year, Miramax was considering 90 layoffs, published reports said.
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The cuts would affect about 160 of Miramax's 450 employees in all areas of the company, mostly mid-level and lower-level employees, the newspaper said on Monday. Earlier this year, Miramax was considering 90 layoffs, published reports said.
Read More