Paramount Pictures laid off roughly 20 staff members from several departments on Tuesday as part of a restructuring effort, insiders familiar with the matter told Variety.
Departments including legal, business affairs, TVand finance were affected. Cuts were not major and largely affected back-office staff. Paramount chief operating officer Andrew Gumpert addressed the matter in a memo to employees.
The cuts will streamline efficiency, foster talent across multiple divisions of the company, and augment synergy and cross-functionality amongst different teams, read the memo obtained by Variety.
A studio spokesperson confirmed the cuts but declined to comment further. There were additional hires and promotions as part of the restructuring. R…
Read the full article at: https://variety.com/2019/film/news/paramount-pictures-lays-off-20-legal-tv-business-affairs-1203123598/