Lionsgate Announces Layoffs Affecting 50 Employees Amid Ongoing Challenges

Lionsgate has confirmed layoffs impacting 50 staff members, representing a 5% reduction in its workforce. This follows a previous cut of 8%, totaling a 13% decrease over the last nine months. The layoffs underscore the persistent challenges faced by the company in the competitive entertainment sector, raising concerns about job security and its future direction.