Weinstein Co. cutting staffers
Consultancy suggests mini-major trim numbersNEW YORK -- The Weinstein Co. is set to eliminate about 35 positions in various divisions over the coming month.
TWC is paring down in response to recommendations from Miller Buckfire, the consultancy that has been brought in to help the company bring its numbers into line.
Miller Buckfire has recommended that the mini-major pare its theatrical releases to no more than 10 per year -- it has been releasing as many as several dozen -- and concentrate on its core business of producing and distributing films.
As a result, a number of employees will be let go, though no decisions have been made on which divisions will bear the brunt of the cutbacks. News of the staff reductions were first reported Wednesday by the New York Post.
The cutbacks are likely to happen in several ways, taking the form of layoffs as well as attrition, with some contracts not being re-upped.
The Weinstein Co. endured a round of layoffs this year and now has slightly more than 100 employees. After this round, the company will sport a staff of 70-80.
TWC is prepping a number of fall- and awards-season hopefuls, including Viggo Mortensen starrer "The Road," Rob Marshall musical "Nine" and recent Toronto International Film Festival pickup "A Single Man."