Paramount lays off its Top Execs

A restructuring at Paramount Pictures has led to the exits of head of physical production Georgia Kacandes, senior vice president of production Ben Cosgrove, executive vice president of production Dan Levine, head of casting Gail Levin, Paramount Vantage topper Guy Stodel, senior vice president of visual effects Kim Locasio, and Aimee Shieh, head of Paramount’s New York literary office.

The bad news was delivered early Tuesday, and move came shortly after the exits of John Lesher and president of production Brad Weston, and the appointment of Adam Goodman to president of Paramount’s film group.

Goodman sent out a memo to employees that discussed the number of layoffs but not the specific casualties. Goodman, who attributed the move to a need for “streamlining the leadership of the production organization,” wrote in the memo that 31 people were cut from the production workforce. The timing of the layoffs coincided with the end of Par’s fiscal quarter, sources said. The cuts were accomplished with a “mix of job eliminations, layoffs and reorganizations in creative, casting and physical production, as well as the Paramount Vantage label,” Goodman wrote in the memo.

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