Canada-based entertainment powerhouse Cineplex, Inc. (the parent company of the Player One Group) is laying off a number of full-time workers in an attempt to streamline and eliminate “redundancies” following multiple business acquisitions over the years. Company officials said the layoffs will impact fewer than 100 employees, and come as the company attempts to cut expenses by about $25 million annually.
Company spokeswoman Sarah Van Lange said this in an email to RePlay: “I can confirm that this week a small restructuring occurred at Cineplex that effected a portion of our full-time workforce. A number of roles were eliminated in addition to an overall cost reduction plan representing approximately $25 million annually. These changes were necessary as they eliminated duplicate roles following several business acquisitions as well as streamlined our business as we continue to execute on our diversification strategy. This impacted less than 100 positions across North America,” Van Lange said.
