| MUMBAI:
Lions Gate Entertainment Inc. (Lionsgate), a wholly-owned subsidiary of Lions
Gate Entertainment Corp, has cut jobs for the second time in five months.
The
company on Friday announced that it would be eliminating 45 positions or 8 per
cent of its 550-person workforce. Under the latest chuck out plan, 27 people were
asked to leave the company and 10 people were shifted to other departments. Earlier
in early November Lionsgate had cut 41 jobs. The
cost-cutting moves are expected to shave $15 to $20 million off Lions Gate's $135-million-a-year
overhead. Meanwhile,
activist shareholder Carl Icahn, who owns 14.5 per cent of Lions Gate stock, threatens
to launch a surrogate war against the company. He is pushing the company to slash
what he thinks is an excessive overhead cost. | 
