Billy Bob Thornton and Brett Kelly in a scene from Miramax's 2016 comedy "Bad Santa 2" (Miramax photo).
LOS ANGELES – Miramax has laid off 20 employees, according to The Hollywood Reporter today. The studio, which was founded by Bob and Harvey Weinstein, had laid off 20 other employees throughout the company in May.
After the first round of firings, CEO Bill Block said in a statement: "After careful consideration and consultation with the board, I have decided to reorganize the team at Miramax. This reorganization will allow me to lead a streamlined Miramax to grow in film, television and the licensing of our impressive library."
The studio’s newest move is said to be part of a reorganization with the majority those removed coming from the company’s support staff.
Established in 1979 by the Weinsteins, Miramax is responsible for films such as Quentin Tarantino’s “Pulp Fiction,” “Shakespeare in Love” and most recently, “Chicago.” Disney acquired the studio in 1993 but the Weinsteins did not leave until 2005. A group of private investors later acquired Miramax. It's newest release was 2016 "Bad Santa 2," which tallied $17.7 million.