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Lionsgate to Lay Off 15% of Motion Picture Group

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variety.com
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Dave McNary Film ReporterLionsgate is laying off 15% of its motion picture group, citing the impact of the COVID-19 pandemic.Joe Drake, chairman of the motion picture group, informed employees of the cuts on Thursday.

A source said the layoffs will impact about 15% of the department.“While our business remains fundamentally strong, we are not immune to the ongoing COVID crisis that is impacting us like so many other studios,” Drake said in a note to employees.

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