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75 lose jobs as Miramax cuts staff by 16%

Miramax Films, a division ofThe Walt Disney Co, laid off about 16% of its staff on Friday in a massiverationalization effort which stunned the industries in New York City, where thecompany is based, and Los Angeles, where it maintains a busy office. The cullcame just eight days before this year's Academy Award ceremony whereMiramax is the studio with most nominations with 15.

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