Sony Pictures Issues Layoffs On Wednesday


One year into the job, Sony Pictures Entertainment chairman-CEO Tony Vinciquerra continues to make good on his promise to streamline and reorganize operations at the Hollywood


The studio on Wednesday issued a new round of pink slips as it began laying off about 25 staffers working in the theatrical marketing and distribution department.


In a memo to staffers, Josh Greenstein, president of worldwide marketing and distribution, said, “We are streamlining some of our more traditional marketing operations and consolidating various international and domestic groups into single global teams. These moves have resulted in the elimination of positions in our research and strategy, publicity, media, operations, consumer and distribution groups. While many of these changes and decisions have been difficult, I’m confident that these steps will help us achieve our goals to become a stronger and more nimble organization.”


The studio declined to confirm the exact number of people being let go. Some 550 individuals work in marketing and distribution. The layoffs don’t appear to have impacted those with the title of executive vp or higher and possibly have not affected those with titles of senior vp.


In recent weeks, Sony also issued pink slips when reorganizing its international TV operations.

Written By: Tommy Lightfoot Garrett
Photographs are Courtesy:  Sony
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