Megan Ellison’s independent media company, Annapurna, has laid off approximately 30 employees, representing over 15 percent of its total workforce. The cuts occurred on Wednesday as the company confirmed the reductions.
A company representative stated that the staff reduction reflects current business conditions. The layoffs coincide with Ellison's quiet efforts to rebuild the business following several years of near-dormancy.
The downsizing has raised questions regarding the banner's ongoing comeback within the feature film space.
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How the coverage differs
Same story, different emphasis — here's what each outlet chose to lead with.
The Hollywood Reporter (US)Focuses on industry implications and questions surrounding the company's feature film comeback.
Variety (US)Emphasizes the scale of the layoffs and the company's recent rebuilding efforts.
Newz