Lionsgate Trims eOne Workforce As Acquisition Nears Official Close
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deadline.comLionsgate, which agreed to buy eOne last August, is cutting the production outfit’s already-depleted workforce by a single-digit percentage as the acquisition approaches its official close at the end of the month.
A personal familiar with the integration process confirmed the layoffs to Deadline but cast doubt on media reports earlier Friday estimating that 10% of staffers would be let go.
Certain workers are expected to remain with Lionsgate during a brief transition period before departing, while others are exiting in the near term.
Before Lionsgate emerged from a pack of suitors with the winning bid, eOne had gone into play due to a strategy shift at Hasbro.
Read more on deadline.com
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