EXCLUSIVE: Sony Pictures Entertainment is proceeding with layoffs starting Tuesday across the motion picture group, teleivsion and corporate offices, in what is seen as a months-long process.
The number being pink-slipped is estimated to be in the end a few hundred from a global staff which numbers north of 12,000. Those positions impacted are largely in the junior and middle management realm. The layoffs, we’re told, are targeted and strategic, and not a mere cost-cutting exercise.
The current move by Sony Pictures Entertainment chairman and CEO Ravi Ahuja is so the conglomerate can better lean into growth-oriented strategies; strengthen its differentiated businesses; and focus on ROI drivers such as Crunchyroll, other types of anime outside that toon group, as well as PlayStation adaptations in film and TV. That means winding down non-core or low-growth businesses like Pixomondo.
Said Ahuja in an email to staff
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