Joe Russo and Anthony Russo Pablo Cuadra/Getty Images Share on Facebook Share on X Google Preferred Share to Flipboard Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Send an Email Print the Article Post a Comment Joe and Anthony Russo's production banner AGBO underwent a notable round of layoffs as the company looks to realign its budget to focus on its core film, TV and gaming ambitions. The Los Angeles-based company cut 15 percent of its workforce of about 130 employees. Staffers were informed of the move last week, which was characterized as a realignment of resources. The pink slips are understood to be across the board at AGBO rather than in specific units. One of AGBO's flagship titles, the globe-trotting spy series Citadel that was once envisioned as an expansive franchise with spinoff potential, returns for its second season Prime Video in May. The company also has Citadel star Priyanka Chopra Jonas' actioner The Bluff bowing on the Amazon platform next month. Related Stories Movies Colin Farrell, Russo Bros. Team for Action-Thriller 'Ordained' (Exclusive) Movies Michelle Monaghan, Adam Scott Join Robert De Niro in Netflix Crime Thriller 'The Whisper Man' At Netflix, AGBO has two spinoffs of the Chris Hemsworth starrer Extraction in production, Glen Mazzara's Mercenary series and Lee Sang-yong's thriller Tygo. The company also has a Robert De Niro, Michelle Monaghan and Adam Scott feature adaptation of The Whisper Man in post production. The Russos, of course, are helming tentpoles Avengers: Doomsday and Avengers: Secret Wars for Marvel Studios, with AGBO co-producing. Elsewhere, the company is working with Lionsgate on prequel John Rambo. On the gaming front, seen as a growth area for the company, AGBO has yet to unveil a major foray in interactive entertainment, though the development cycle for those titles is often a multiyear process. The company was launched in 2017 as the Russos' spearheaded Avengers: Infinity War and Endgame, and it sold a $400 million minority stake to Nexon Co., the global video game maker, five years later. THR Newsletters Sign up for THR news straight to your inbox every day Subscribe Sign Up YouTube YouTube Canada Names Nicole Bell as New Head (Exclusive) Peter Chernin Chernin Group Takes Stake in 'The Rest Is' Podcast Firm Goalhanger united kingdom BBC Names Interim Director-General After Tim Davie Stands Down in April Travis Kelce Travis Kelce Gets Into Bed With Sleep Number Sports Lucky Strike Enlists Peter Murray as Media Chief and to Run Pro Bowling Association (Exclusive) Amazon Prime Video Amazon Cutting Another 16,000 Jobs as Tech Giant Keeps "Removing Bureaucracy" YouTube YouTube Canada Names Nicole Bell as New Head (Exclusive) Peter Chernin Chernin Group Takes Stake in 'The Rest Is' Podcast Firm Goalhanger united kingdom BBC Names Interim Director-General After Tim Davie Stands Down in April Travis Kelce Travis Kelce Gets Into Bed With Sleep Number Sports Lucky Strike Enlists Peter Murray as Media Chief and to Run Pro Bowling Association (Exclusive) Amazon Prime Video Amazon Cutting Another 16,000 Jobs as Tech Giant Keeps "Removing Bureaucracy"