Entertainment One Cuts 10 Percent of Workforce Ahead of Lionsgate Merger ...Middle East

Hasbro‘s Entertainment One has cut another 10 percent of its workforce as a $500 million deal to sell the division to Lionsgate nears a scheduled completion this month, The Hollywood Reporter has confirmed. It’s understood that, ahead of eOne and Lionsgate combining, likely by the final week of December, eOne workers have been told who will be welcomed into the Hollywood studio after the close of the sales agreement, and which employees will not be taken on by Lionsgate or can continue through a brief transitional period. In June 2023, eOne cut another 20 percent of its workforce as parent Hasbro looked to reduce overall costs at the toy maker and had put its film and TV unit up for

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