Archive · 29 Oct 2025
Fifth Season Lays Off Approximately 10% of Staff
A company called Fifth Season, which makes movies and TV shows like 'Severance' and 'Book Club,' has let go of some of its workers.
They let go of fewer than 20 people, which is about 10 out of every 100 employees.
The company says this is happening to help reorganize its teams, not because it's in financial trouble.
This news comes after one of its leaders, Chris Rice, left his co-CEO job a little while ago.
Fifth Season is owned by a big Korean company called CJ ENM and also has a smaller owner from Japan called Toho Studios.
Fifth Season has laid off fewer than 20 employees, representing about 10% of its 160-person workforce.
The company states the layoffs are due to staff realignment and not financial difficulties.
Fifth Season is known for producing films and series such as '80 for Brady,' 'Book Club,' and 'Severance.'
The layoffs occur in the wake of co-CEO Chris Rice's departure in September, with Graham Taylor now the sole CEO.
Fifth Season was formerly Endeavor Content and is currently majority-owned by CJ ENM with a minority stake from Toho Studios.
- Who
- Fifth Season
- What
- Laid off fewer than 20 employees, approximately 10% of its workforce.
- When
- Recently (exact date not specified, but follows Chris Rice's departure in September)
- Where
- Globally (company has offices in Los Angeles, New York, London, and worldwide hubs)
- Why
- Staff realignment
- Company
- Fifth Season
- Workforce Size
- Approximately 160 employees
- Layoff Percentage
- Around 10%
- Number of Staffers Laid Off
- Fewer than 20
- Reason for Layoffs
- Staff realignment
- Company Ownership
- Majority stake owned by CJ ENM; minority stake by Toho Studios
- Headquarters
- Los Angeles, New York, and London