Imagine Entertainment Enacts Furloughs, Layoffs Due to Coronavirus Pandemic (Exclusive)
Imagine Entertainment has furloughed less than 20 people and laid off a handful of employees, Variety has learned.The cuts come as the film and television production company behind “Empire” and “A Beautiful Mind” is grappling with the impact of coronavirus on the entertainment landscape.
Covid-19 has shut down production and closed most movie theaters, which, in turn, has put pressure on companies’ revenue streams and profits.
The hope is that many of the furloughed employees will be able to return to work once production resumes.Imagine is hardly alone in reducing staff.
Across Hollywood, in businesses large and small, staff cuts and furloughs have become a painful fact of life.
Giants such as Disney and ViacomCBS, as well as more boutique players such as Anonymous Content and MGM, have all resorted to pink slipping as the public health crisis has worsened.A spokesperson for Imagine declined to comment.
Read full article