MUMBAI: Tom Ortenberg has stepped down as president of theatrical film at The Weinstein Company (TWC) after being in office for eight months.

Ortenberg, formerly head of theatrical at Lionsgate, joined TWC last January and served a notice period, his final day being 30 September.

The move follows TWC‘s latest wave of lay-offs last week, when the company confirmed that it was releasing 35 employees to bring the staff level to approximately 90.

Harvey and Bob Weinstein called Ortenberg‘s arrival "a major coup" in late January. However since then something clearly did not work between the executives, despite a promising time for the slimmed-down company.