Disney-owned MCN Maker Studios is reducing its staff, StreamDaily has confirmed.
The company, which is framing the recent shake-up as a “strategic adjustment,” confirmed in a statement that it is also actively hiring to fill new positions that align with the company’s “go-forward strategy.”
Less than 30 people are affected by the lay-offs, Stream understands.
Maker, which was bought by the Walt Disney Company for US$500 million in 2014, has struggled to find its footing. Several execs have departed the company since the acquisition, including former CEO Ynon Kreiz, who was replaced by Courtney Holt (pictured).
Other high-profile exits include chief content officer Erin McPherson; former head of marketing, Jeremy Welt; former programming exec Bonnie Pan (who recently joined Endemol Beyond USA as its new president); and former senior VP of strategic partnerships Todd Barrish (who has also moved to Endemol).
Its recent NewFronts presentation was noticeably scaled back from previous appearances and focused largely on programming announcements.
Maker recently launched the gaming-focused network Revelmode, headed up by its top creator, PewDiePie, and sold its original mockumenary film Internet Famous to Netflix. Its long-running original series, Epic Rap Battles of History, was also recently nominated for an Emmy award in the new short-form video category.