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Patrick Goldstein and James Rainey
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Weinstein Co. Gloom: Layoffs announced

November 21, 2008 | 12:52 pm

The New York Post has the scoop that Harvey and Bob Weinstein have made 24 staffers an offer they couldn't refuse, with the Weinstein Co. laying off 11% of its work force today. I can't say this is unexpected, even though the last time I referred to the Weinstein Co.'s financial problems, I got an irate phone call from Harvey, telling me how much money he had in the bank after his big payoff from Disney. I guess this means Harvey isn't putting any of his personal fortune into the company's coffers.

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The move apparently cuts the Weinstein Co.'s work force down to 200 staffers. The Weinsteins called employees into a meeting at 2 pm NY time to deliver the grim news. The shaky state of the nations's economy clearly played a role in the layoffs, with company insiders predicting the cutbacks would be a one-time event. But the move is sure to prompt new worries about the Weinstein's future, especially with the company still looking for a big break-out hit. The Post certainly didn't mince words. As it's story put it: "The layoff move is bound to stir a new round of rumors that the studio is on the brink of collapse."

Photo: Harvey Weinstein: Photo credit: Jeff Vespa/ WireImage.com

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