Megan Ellison’s Annapurna Lays Off 30 Employees

Annapurna, the independent media company founded by Megan Ellison, has laid off approximately 30 employees, representing over 15% of its workforce. The company confirmed the reductions occurred on Wednesday, citing shifting market conditions. These layoffs come as CEO Megan Ellison has been rebuilding the business following several years of near-dormancy. Despite the staff cuts, Annapurna continues to develop its 2026 slate, which includes upcoming projects such as "I Love Boosters" and "The Invite" for the entertainment market.