Megan Ellison's Annapurna Lays Off 30 Employees
Variety • • entertainment
Key Points:
- Annapurna, the indie media company founded by Megan Ellison, laid off over 15% of its workforce, with approximately 30 employees affected, as part of a business realignment amid shifting market conditions.
- The layoffs come during Ellison's efforts to rebuild the company after several years of near-dormancy, with Ellison remaining as CEO.
- Founded in 2011, Annapurna is known for producing acclaimed auteur films such as "Her," "Phantom Thread," "Vice," "Zero Dark Thirty," and "Spring Breakers."
- Ellison previously took on $200 million in debt to independently distribute Annapurna's films, a debt she personally resolved in 2019.
- Recently, Ellison has been plotting a comeback by rehiring key executives and expanding into television, gaming, and live theater, while her brother pursues a major media acquisition.
