Sorry I'm late getting this up because today has been nonstop. But I'd been hearing from tipsters for weeks that firings were on the horizon at the Weinstein brothers' company. But they finally came down today. (The New York Post says NYC employees were called into a meeting shortly after 2 PM ET to receive the bad news from Human Resources.) The big surprise to me is that The Weinstein Co bloodletting was only 11% of its workforce. But that's because so many other staff and execs have been quietly let go and not replaced over previous weeks dating back to the beginning of the summer. Today's firings appear to affect 24 out of 224 across all the offices (NYC, LA, UK, HK). As emails to me demonstrate, some of the staff had heard there were layoffs imminent but others were caught completely by surprise.
Because it's tragic when anyone loses a job, I would sure like to see Harvey and/or Bob start taking responsibility for their company's abject failure by at least admitting it instead of fighting the media tooth-and-nail to protect what little is left of their once enviable success. This is especially galling because of all the pain they're causing other people, whether firing staff, or convincing people to leave secure jobs and work for TWC without giving them all the facts about how much trouble the company is really in, or forcing filmmakers to pay for reshoots out of their own wallets. Geez, I could go on and on... But then I realize that all those millions of dollars the brothers are wasting on pitbull lawyers to prevent the media from telling the truth are just everyday business expenses to the Weinsteins. Disgusting.
Weinstein Co's Expected Layoffs Reality: But Will Harv & Bob Ever Admit Blame?
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Nothing new here. They did the same thing (repeatedly) in the Miramax days, though they weren’t so nice as to call people into an “office.” It was just basically, you’re out, delivered either by Bob or Rick Sands, both of whom really got off on it. Disgusting.
We can be assured of one thing, this is a company that will never go bankrupt. Still, I can see the Weinsteins selling out to somebody, but who? The history of the Weinstein Co was that it was at its peak when Disney was distributing the films. These guys can’t release a simple film without screwing up the release date.
indeed… history repeating itself and if you need proof – read the Biskind book: “Down and Dirty Pictures: Miramax, Sundance, and the Rise of Independent Film” – its all there. Over the last thirty years the Weinsteins have always robbed Peter to pay Paul. Now it looks like it has finally caught up with them and sadly, they are so rich at this point it doesn’t even phase them… instead, the passionate, hard-working film-making people who ultimately made them rich, are going end up standing in the unemployment line during a time when good jobs in show-business are few & far between…..
With $1 billion in financing, they fire 24 people?!!! What’ll that save them, a million a year?
Companies with a certain number of employees should be obligated to put enough money into an escrow account to pay for all employees salaries for one year just for these slow economy cycles. It’s good PR. It’s the right thing to do morally. It will boost morale among the ranks. It would make more top-notch people want to work there. By keeping people on during a crisis, that show of support and short-term pain would eventually more than be made up in revenue from a team that feels loyalty towards their employer.
When it comes to the Weinstein Brothers, I have two words:
FUCK ‘EM.
To use an old quote by Billy Wilder, “You can hear the sound of champagne corks popping all over town.”
why r u people deluding yourselves. they are just as bad as everyone else in this town with maybe a few exceptions.
What’s crazy is that they’re sitting on one of the best films they’ve produced, CROSSING OVER (I saw it earlier in the year at an L.A. preview), while some of the biggest crap is hitting the screen right now. Why would they hold back such a good film and not qualify it for the Oscars? Unusual for Weinstein Company of late, it actually has something to say about the human condition (unlike something like Soul Men or the new Kevin Smith thing). Not to mention a cast that includes: Harrison Ford, Sean Penn, Ray Liotta and Jim Sturgess. Someone over there needs to teach Harvey how to run a film studio. You don’t sit on your prized assets – especially when you only a few of them that are actually worth the price of admission.
The Weinsteins’ mismanaging/marketing of Zack & Miri alone would be grounds for ousting the W-bros
@Terry Hasher duh. they are sitting on films like CROSSING OVER and the THE READER and others because they don’t have the $20M+ they need to do a proper marketing campaign…. obvs, they have run out of cash people!!!!!
There was no office call in. They do it the same as they have for years and handle it badly. They wait for a day when both Bob and Harvey are out of town, the ignorant HR person delivers the bad news by going from building to building, while LA waits until end of day to see their fate. Sometimes department heads are not told who is going in their department although there seem to be none left these days as they all were wise enough to leave months earlier. I give it a year and the company is shut down. Karma.
Did Eric Robinson get axed?
I have never worked for the Weinsteins, but have heard about the reputation…But I saw a trailer for “The Reader.” To bad they can’t run a company correctly. The movie looks great. Maybe a proper marketing plan would have saved jobs.
No, Eric Robinson didn’t get axed. Looks like he and Kelly Carmichael are running production???
Rob Scheidlinger, Katrina Wolfe and others were let go, but those are the two senior execs…so far.
Did anyone not expect those PIMPS to act as they have been? They couldn’t spin themselves out of this pisshole if they had another billion dollars.
These Sweinsteins are pathetic sloths who are getting everything they deserved — PLUS some extra public pain for their continued defiling of cinema and the lack of respect for the artists unlucky enough to work for them. Harvey makes Harry Cohn look like a mensch, and Bob has gone into his usual manic-depressed coma, probably hoping for another extended hospital stay for the elder Uber-Chaza.
They’re cooked. Who in their right mind would ever do a deal with them? Desperate film students would think twice and agents all over town are being told by their bosses to not take their calls and just forward the calls to their department heads for filtering and screening.
The icing on the cake is that Max wasn’t around to see their success and Miriam is still here to see their demise.
The party’s over. Go away, losers.
Why do you all love to kick someone when they are down. You are the first ones to kiss ass when you want something. The truth of the matter is the economy is still suffering, if you have not noticed, and they are taking affirmative action to stay ahead of the curve.
Yes, it is painful to let people go but would you rather let everyone go?
Harvey & Bob won’t have to worry where their next meal is coming from. But it does pain them to cut down on staff believe it or not.
the only “running” that Kelly Carmichael is doing is after Harvey on the set of Nine at Shepperton Studios.Thanks to Harvey and co everyone on that set is miserable ranging from producers to talent to key crew all the way
down the line…..ok so nothing new there!
Response to BigMike.
You are a fool. Kicking someone when they’re down is typical Hollywood, yes, but kicking these beasts is not like kicking a human or an agent. They are slobbering old pit-bulls, who have attacked their last victim. The dying rabid dogs must be kicked repeatedly to make sure they stay down.
Are you one of the last “interns” in publicity for that sham of a company?
Go away too.
To Tribecker Cary,
I really have to take pity on you. No, I don’t work for the Weinstein’s and never have. But I have had the opportunity to have been associated with the company. They will survive and flourish because true talent rises to the top. Creeps like you will always be the ones to whine and complain and blame everyone else for your failures. Look in the mirror and see what you really are…a pathetic loser.
BigMike,
You must be a “big guy” to feel any emotion for the turds with tails who head the Weinstein Company. They have fucked over mostly everyone they have dealt with. The only ones who remained unscathed were people who were lawyered up the ass, or people who they needed in one aspect or the other. They can’t pull their lying and thieving schemes any longer. They have investors. WORRIED investors. What talent do they have? They were always distributors. They never MADE any movies. Fucking salesmen who lost the store. The true talent with their old company was the employees. WeinCo was always a dog.
Now I can confirm, via your response, that the Harv has people like you peppering up the blogs. He’s like a fucking stock swindling boiler room boss now.
Disney is having the greatest laugh since Michael left.
Happy Turkey day, ya Big Turkey.
To Tribecker Cary,
It is hard to disprove a mistruth, so I would not even try. With the talent that is there they will show all of the naysayers of the industry that they will survive and flourish.
Think what you want about them personally,even if you don’t really know them, but they have and will continue to be a big force in the industry.