Annapurna lays off 30-plus staff, over 15% of workforce, citing market realignment

Annapurna, founded by Megan Ellison in 2011, laid off approximately 30 employees — over 15% of its workforce — on 26 August 2026, the company confirmed to Variety. A spokesperson said Annapurna is "realigning to meet the changing market landscape." Ellison remains CEO. Recent releases include Olivia Wilde's "The Invite," which has crossed $50 million in worldwide grosses.