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Lionsgate Offering Employees Voluntary Severance Amid “Disrupted Business Environment”
Lionsgate is offering its U.S. employees a voluntary severance and early retirement program amid a contracting media and entertainment landscape that’s resulted in widespread industry layoffs.
Lionsgate is offering its U.S. employees a voluntary severance and early retirement program amid a contracting media and entertainment landscape that’s resulted in widespread and ongoing industry layoffs. Feltheimer’s memo today also addressed in-person work, requiring all Lionsgate EVPs and above to return to the office five days a week, effective January 2. As we continue to move toward the full separation of the studio and STARZ in a challenging operating environment, Lionsgate’s Executive Committee has approved a multifaceted strategic plan to enhance productivity and achieve greater cost efficiencies.
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