Movies

Weinstein Co. on a lay off spree

MUMBAI: Next month the Weinstein Co. (TWC) will reduce its staff by 35 that will be spread across various divisions. This is in response to recommendations from its consultancy company Miller Buckfire that has been brought in to help the company bring its numbers to line.

The consultancy company recommended that the mini-major cut down its theatrical releases to ten per year. The Weinstein Co has been releasing as many as several dozen and concentrates on its core business of producing and distributing films.


As a result, a number of employees will be asked to go, though no decision has been taken on which divisions will bear the brunt of the cutbacks.


The cutbacks will be in the form of layoffs as well as attrition, while some will go up their designations.


The Weinstein Co. has had a round of layoffs this year and has currently a little more than 100 employees. After this round, the company will have a staff of between 70 to 80 people.

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