Lionsgate is expected to lay off roughly 20 more staffers, TheWrap has learned. This second round of pink slips will be handed out Friday.
The latest layoffs are expected to impact mostly business jobs as well as a small number of television roles.
Lionsgate is the TV studio behind “Orange Is the New Black,” “Dear White People” and “Step Up: High Water.” A spokesman for Lionsgate did not immediately respond to our requests for comment on this story.
In January, the company laid off approximately 25 staffers. Those, which impacted the movie side of the business, came about as a result of Lionsgate consolidating its marketing and distribution under one roof.
“As we continue to adapt our business to the evolving market, we will be centralizing most Motion Picture Group business units to Santa Monica as well as realigning our Domestic and International Marketing Departments into one Global Marketing Group. As some colleagues will be departing, we wish them the very best on their continued career trajectory,” Lionsgate Motion Picture Group Chairman Joe Drake said at the time to his staff. “We are constantly looking at ways to better align our company with our industry’s evolving landscape and therefore the needs of the audience and our customers.”
There has been some industry speculation that Lionsgate has been slimming down for a potential sale. In 2018, the company experienced its worst domestic box office performance since 2011.