ENTERTAINMENT & MEDIA
From Times Staff and Wire Reports
Carolco Announces More Layoffs: Financially troubled Carolco Pictures Inc., based in Los Angeles, announced that it will reduce its work force by about 13% by laying off 25 employees. Carolco, best known as the maker of “Terminator II: Judgment Day,” has already laid off 49 workers under a restructuring agreement with its financial backers. All of the laid-off workers will receive severance pay and outplacement assistance, the company said.
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