Starz slashes 7% of jobs in second major round of layoffs
Starz has cut 7% of its workforce in a fresh round of layoffs. The move comes just 10 months after the company split from Lionsgate. Financial struggles and restructuring appear to be driving the decision.
This is the second major round of job cuts at Starz in two years. In 2023, the company reduced its staff by 10% ahead of its separation from Lionsgate. The latest reductions follow a Q4 net loss of $20.7 million, though losses have narrowed since the split.
Starz currently serves 17.6 million U.S. subscribers, with 12.7 million using its over-the-top (OTT) service. Despite ongoing financial challenges, the company expects 2026 to mark a turning point for its finances.
The layoffs form part of a broader reorganisation at Starz. With subscriber numbers holding steady, the company remains focused on stabilising its financial position. Management has signalled that 2026 could bring improved financial performance.
Read also:
- India's Agriculture Minister Reviews Sector Progress Amid Heavy Rains, Crop Areas Up
- Over 1.7M in Baden-Württemberg at Poverty Risk, Emmendingen's Housing Crisis Urgent
- Life Expectancy Soars, But Youth Suicide and Substance Abuse Pose Concern
- Cyprus, Kuwait Strengthen Strategic Partnership with Upcoming Ministerial Meeting
