Monday, August 09, 2004

Smile a wretched smile, fill someone's glass

Miramax is preparing to lay off about 35 percent of its work force this week in an effort to scale back costs and improve efficiencies at the New York-based movie studio, The Post has learned. [...] The planned layoff is more drastic than had been anticipated. Earlier this summer, Miramax was understood to be considering eliminating roughly 90 jobs. This announcement, as the article notes, comes after a year of fantastic success with Kill Bill (punching above its weight by virtue of two separate releases, of course), as well as Cold Mountain. Yet the number of jobs lost in the downsizing plan increased over the course of the summer. Maybe Fahrenheit 9/11 wasn't quite as profitable as they expected, hmmm?

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