×
You will be redirected back to your article in seconds

Creative Planet lays off 26 more

Software co. piles up pinkslips to break even

Creative Planet on Wednesday laid off 26 people, leaving 80 employees at the software company that once had more than 300 in its ranks.

“We’re trying to reach cash profitability and we had to do layoffs to reach the break-even point,” CEO Allen DeBevoise told Daily Variety.“In this environment it’s very important to become profitable.”

This round of layoffs follows a pinkslipping of 75 employees in March and 70 last December.

DeBevoise said the job cuts were across the board and did not specifically impact a particular section of the company, which produces Movie Magic budgeting and scheduling software as well as the Studio System database.

In December, Creative Planet received $30 million in funding from the U.K.’s United News & Media. Sources say another deal with the $6 billion conglom is imminent.

More Digital

  • House Of Cards Season 6

    'House of Cards' Season 6 Ratings on Netflix: U.S. Viewers Drop From Prior Season

    Creative Planet on Wednesday laid off 26 people, leaving 80 employees at the software company that once had more than 300 in its ranks. “We’re trying to reach cash profitability and we had to do layoffs to reach the break-even point,” CEO Allen DeBevoise told Daily Variety.“In this environment it’s very important to become profitable.” […]

  • Kate Plus 8

    Discovery Launching Shows on Pluto TV in Its First AVOD Streaming Deal

    Creative Planet on Wednesday laid off 26 people, leaving 80 employees at the software company that once had more than 300 in its ranks. “We’re trying to reach cash profitability and we had to do layoffs to reach the break-even point,” CEO Allen DeBevoise told Daily Variety.“In this environment it’s very important to become profitable.” […]

  • Lexus _Driven by Intuition - AI

    First AI-Scripted Commercial Debuts, Directed by Kevin Macdonald for Lexus (Watch)

    Creative Planet on Wednesday laid off 26 people, leaving 80 employees at the software company that once had more than 300 in its ranks. “We’re trying to reach cash profitability and we had to do layoffs to reach the break-even point,” CEO Allen DeBevoise told Daily Variety.“In this environment it’s very important to become profitable.” […]

  • Three Great New Narrative AR and

    New AR/VR Worth Watching This Week: 'Crow,' 'Wonderscope,' 'Age of Sail'

    Creative Planet on Wednesday laid off 26 people, leaving 80 employees at the software company that once had more than 300 in its ranks. “We’re trying to reach cash profitability and we had to do layoffs to reach the break-even point,” CEO Allen DeBevoise told Daily Variety.“In this environment it’s very important to become profitable.” […]

  • Xbox One X Console Controller Front

    Disc-Free Xbox One in the Works (Report)

    Creative Planet on Wednesday laid off 26 people, leaving 80 employees at the software company that once had more than 300 in its ranks. “We’re trying to reach cash profitability and we had to do layoffs to reach the break-even point,” CEO Allen DeBevoise told Daily Variety.“In this environment it’s very important to become profitable.” […]

More From Our Brands

Access exclusive content