Logo text Jordan Peele ’s Monkeypaw Productions is slimming down. The genre-skewing banner, which has a first-look deal at Universal, has quietly let go of three members its development team, The Hollywood Reporter has learned. It is unclear who was let go, but insiders say that the development department will maintain a staff of four and is still receiving new material. The move has been described as a “refocusing” by those in the know. Sources also say Peele wants to be take a more hands-on involvement in the development of projects. The layoffs may be an acknowledgement of business realities for the banner that became a Hollywood name thanks to Peele’s success in the wake of Get Out and Us . In 2019, Peele signed a rich, five-year deal with Universal, with Monkeypaw becoming one of the bigger-staffed companies of its type in town. Peele reupped in 2024, but his deal was scaled back, according to sources. It didn’t help that the banner’s output wasn’t prolific.…