Lionsgate Announces Voluntary Severance Amid Restructuring

The studio aims to cut costs and adapt to a challenging business environment with voluntary buyouts for U.S. employees.

Lionsgate is offering voluntary severance and early retirement packages to its U.S. employees.
This move is part of a strategic plan to enhance productivity and achieve greater cost efficiencies.
The company recently acquired Entertainment One and is in the process of separating its studio division from Starz.
Executive vice presidents and above will be required to work on-site five days a week starting January 2025, with other employees adhering to a four-day in-office policy.
The entertainment industry is facing widespread layoffs, with Lionsgate reporting a $59 million loss in its latest quarterly earnings.