Lionsgate-Summit Reducing 12% Of Staff: Film And Residential Entertainment Hit Toughest

Within The Summit And Lionsgate Merger: Lay offs Would Be The Order During The Day BREAKING… EXCLUSIVE: I’ve just found that Lionsgate is reducing about 80 staff today in the merged company with Summit, including professionals as up high as EVP. Associates are pleading me to not refer to this as abloodbath because enoughpeople are freaked out already. The integration ofLionsgate and Summit is ongoing, which move was likely to eliminate duplication. However it’s still horrible if this happens.Lionsgate is lowering the combined workforceof the 2 companies by roughly 12%.It’s unclearhow many workers are really being informed today.Lionsgate had about 500 employees just before the merger, Summitabout 175 employees.The entire combinedworkforce is going to be roughly 575 making Lionsgate a larger and much more muscular company publish-merger.I don’t have introduction to the number of Lionsgate and just how any Summit employees is going to be let go, however i’m toldmotionpicture and residential entertainment would be the areas using the finest quantity of overlappingfunctions.