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VAR | Paramount Vantage lowers ax

VAR | Paramount Vantage lowers ax

Paramount Pictures and Paramount Vantage handed out pinkslips to 60 employees Thursday,” Variety reported today, adding that the expected cuts were in the wake of the studio recently absorbing Vantage. The trade continued, “All of Thursday’s casualties were VP level or below. Cuts mean that Vantage will operate with a staff of 40, down from 100. Not all of the 60 axed employees came from Vantage, however, as some Vantage staffers were absorbed by the parent studio.”

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