The Weinstein Company is expected to lay off between 40 and 50 staffers in the next week. The layoffs will take place in the company’s Los Angeles, New York and London offices and focus on film operations including distribution, publicity and legal. Deadline sibling Variety reported the impending cuts, which are not expected to affect senior management. Most of the layoffs will involve junior staffers and a handful of mid-level execs and some cuts at Radius-TWC.
The television division, which has enjoyed success in both reality and scripted programming, is not affected. The film division had success this year with Woman in Gold and Paddington, but Burnt with Bradley Cooper has been a disappointment. The company is looking to rebound with the upcoming release of Quentin Tarantino’s The Hateful Eight and the awards-hopeful Carol, directed by Todd Haynes.
Company chiefs Harvey and Bob Weinstein recently renewed their deals to remain with the company for three more years. The brothers’ renewals followed their convincing COO David Glasser to remain with TWC after he had tendered his resignation. Those moves had been expected to end speculation about the Weinsteins’ future with the company they founded a decade ago.
This year’s higher-level departures include marketing chief Stephen Bruno, Robert Walak and boutique theatrical/VOD hybrid Radius-TWC co-founders Tom Quinn and Jason Janego.