18 May Sony Lays Off 12 at Crackle; More Cuts Likely Coming in TV, Film Units [Variety]
By Brett Lang and Andrew Wallenstein
May 17, 2018 | Sony Pictures Entertainment chairman Tony Vinciquerra is continuing to streamline the studio with a series of new cost-saving cutbacks and realignments across its television and movie divisions aimed at improving the bottom line.
As part of the overhaul, Sony plans to fold its home entertainment department into its television arm, which, according to sources, will likely result in a headcount reduction. Sony signaled that change back in February when it announced that TV distribution president Keith Le Goy would be assuming oversight of home entertainment. As part of the shakeup, three president-level executives–international channels chief Andy Kaplan, chief FV marketing officer Sheraton Kalouria and home entertainment topper Man Jit Singh, were let go.
Read more on Variety.