UPDATED: Dick Clark Productions underwent layoffs today, two weeks after the production company was acquired by Penske Media Eldridge, a PMC subsidiary and joint venture between Penske Media Corpor…
underwent layoffs today, two weeks after the production company was acquired by Penske Media Eldridge, a PMC subsidiary and joint venture between Penske Media Corporation and Eldridge.
“As we look to evolve dcp’s current business model and invest in the company’s long-term growth, change is essential to ensure an enduring path forward,” PMC spokesperson Brooke Jaffe said in a statement to Deadline, which is owned by PMC, declining further comment. According to sources, the cuts were deep, affecting about 16 people, some of whom took to social media to share the news. That is believed to be roughly 15% of the company’s workforce, which already had been reduced by a round of layoffs a year ago. I hear the cuts were across the board, impacting all areas of the company, including executives of various levels. They follow dcp president Adam Stotsky whose exit was announced at the time of the acquisition last month.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five Saskatoon theatre productions to see this monthTake a look at five local theatre plays running in Saskatoon in February 2023.
Read more »
Jaylen Clark's defensive intensity leaves no bone to pick for UCLA teammatesUCLA's Jaylen Clark is the Bruins' defensive leader this season with 220 deflections — defined as steals, blocks, tipped passes and loose balls collected.
Read more »
McFarlane Reveals New DC Comics Robin (Dick Grayson) FigureA new DC Multiverse Gold Label figure has been unveiled form McFarlane Toys has a Robin from the past is back and ready for some action
Read more »
Chiefs’ Frank Clark will be chasing playoff sack mark at Super Bowl 2023Frank Clark has more sacks in 16 career playoff games than he has tallied in any of his eight regular seasons.
Read more »
Why Does My Child's Unicorn Toy Have A Dick?'What had I done?! How was I going to explain this to my kid... or my mother?'
Read more »
New Dick Tracy Special With Warren Beatty Premiering TonightAs some film fans may know, Warren Beatty has been hanging on to the rights to Dick Tracy ever [...]
Read more »