With the company’s new leadership and “strategy” (which includes completely divesting from many brands and trying to sell eOne), the rumor is that layoffs will happen in October around the investor meeting. Does anyone have a sense of how extensive these layoffs will be? Or if there is a plan to retain top talent or simply axe any employee with the misfortune of working on a brand that doesn’t meet the new standard of performance/profitability?
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LA took the brunt of the hit it seems like. Lots of designers let go.
Looks like some design teams are taking a hit. :(
Apparently tomorrow (Thursday) is supposed to be the day I'm hearing from multiple sources. I hope it's not true, but at the investor meeting said something like $60 MILLION was earmarked for severance. Yikes.