The Weinstein Co. lays off more than 20 employees

Last Updated: Jul 12 2018 19:29

HOLLYWOOD- The Weinstein Company laid off more than 20 employees on Wednesday, two days before it closes its $289 million bankruptcy sale to Lantern Capital.

A source says the layoffs are in the areas of PR, Marketing and distribution.

The number of employees has fallen from 140 to 70 since the sexual harassment scandal concerning Harvey Weinstein broke out last fall. About two-thirds of the staff are being offered jobs with the new company, Lantern Entertainment.

The layoffs come hours after a Delaware bankruptcy judge gave final approval to the sale.