Sunshine Boss Sarah Harden to Run Rebranded Candle Studios

Mayer detailed the company’s latest strategic plans in an interview with Semafor published Tuesday. The article did not detail the impact of the restructuring on the company’s workforce, including potential layoffs. In addition to the restructuring, Mayer said Candle is also undertaking a number of cost-efficiency initiatives in addition to the restructuring, including consolidating certain back-office functions. “We’re paying market value,” Mayer told the channel. “Are the financial results what we want them to be, that we should be paying the price we paid? Probably not.” But he said, “Talk to us in two or three years.” Two Hollywood strikes in 2023 also dealt a major blow to Candle. Mayer, who has experienced some peaks and valleys (though mostly peaks and valleys) during her tenure at Disney, isn’t sounding the alarm. “There are cycles in any company where you’re in a growth phase, you’re accumulating a little bit of overhead, but that’s OK,” Mayer says. “And then you hit a plateau where you look back at the bottom line and cut costs. That’s a very healthy thing to do.”