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MGM Lays Off 50 Staffers Across Studio

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

MGM has cut some 50 staffers from across the studio in the latest round of layoffs to hit Hollywood in the wake of the coronavirus-related shutdowns.

The pink slips were handed out on Friday, affecting every division of the studio and its staff of 750. Likewise, nearly a third of United Artists Releasing — a joint venture between MGM and Annapurna — was furloughed.

An insider said there were no senior ranking people of note affected by the cost-cutting measures. Senior management also took "voluntary pay reductions," according to a memo sent to staff.

The moves were enacted "to ensure the continued strength of our company" and that "MGM remains in a strong position overall [in the face of] extraordinary events," the memo continued.

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