Layoffs expected at The Weinstein Company

The Weinstein Company is expected to lay off between 40 and 50 staff this week, with cuts affecting the studio's film division and boutique label Radius-TWC.
November 16, 2015

The Weinstein Company is expected to lay off between 40 and 50 staff this week.

The cuts are to affect the company’s film division, and will also impact its boutique label Radius-TWC, according to U.S. trade outlet Variety, which first reported on the layoffs. The indie distributor’s roster includes such titles as The Hunting Ground and The Great Invisible.

The studio’s television division – which produces Lifetime’s Million Dollar Shoppers, VH1′s Mob Wives and A&E’s Rodeo Girls – will not be affected by the layoffs.

Variety reports that staff reductions – which will not impact senior management – are to come across many branches, including publicity, distribution and legal, and will affect staff at the company’s New York, Los Angeles and London outposts.

David Glasser, COO of The Weinstein Company, told Variety that the cuts are intended to reduce the film division’s overhead and improve efficiency.

Former Radius-TWC founders and co-presidents Tom Quinn and Jason Janego exited the label this summer to partner with Alamo Drafthouse founder and CEO Tim League to launch a new, as-yet-unnamed distribution label. The company acquired Michael Moore‘s Where to Invade Next as its inaugural release.

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