Lionsgate introduces voluntary severance and early retirement packages for U.S. employees amid company-wide cost-cutting measures.

Lionsgate has introduced voluntary severance and early retirement packages for U.S. employees to navigate a challenging business climate. This follows the company's acquisition of Entertainment One from Hasbro, resulting in a 10% workforce cut at eOne. The move aligns with recent layoffs at Disney and Paramount as both companies undertake significant cost-cutting measures. Additionally, Lionsgate has made its studio division a standalone entity, separate from Starz.

September 30, 2024
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