Sony Pictures Entertainment is reportedly set to lay off hundreds of employees across its TV, film, and corporate offices as Hollywood continues to contract.
According to Variety , one of the top layoffs will be that of Colin Davis, EVP of Comedy Development.
Sources tell the paper that the layoffs are not “cost driven” but are “targeted and strategic” and are an effort to reorganize for the future. The company is looking to maximize growth all across the company, including anime, YouTube, brand extension, game shows, video gaming, and many other areas.
The campaign was announced in a memo to employees by Sony Pictures Entertainment CEO Ravi…
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