Lionsgate (LGF) Could Lay Off 12% of Staff Following Summit Merger
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Lionsgate Entertainment Corp. (NYSE: LGF) is trading higher Friday amid reports it may move to lay off about 12 percent of Summit staff following completion of the merger.
News comes from Deadline Hollywood, who cites people higher up with the information.
With about 175 employees at Summit and 500 at Lionsgate, the cuts could amount to 70 to 80 positions.
Lionsgate stock is up 1.7 percent.
News comes from Deadline Hollywood, who cites people higher up with the information.
With about 175 employees at Summit and 500 at Lionsgate, the cuts could amount to 70 to 80 positions.
Lionsgate stock is up 1.7 percent.
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