Reese Witherspoon’s Hello Sunshine Cuts 50% of Employees After Actress Buys Back Company

Reese Witherspoon has reduced the workforce at Hello Sunshine by 50%, laying off approximately 30 employees. This move follows the actress buying back her production company from the Blackstone-backed Candle Media, which had held a controlling stake since 2021. Supported by the French conglomerate Mediawan, Witherspoon reacquired the banner for a fraction of its previous $900 million valuation. The company is now prioritizing its focus on film, television, and the popular Reese's Book Club initiatives.