A statement released by the board of the company said Weinstein has been terminated from his position as co-chairman of the company. Since the article's publication, Weinstein's attorney has threatened to sue The NY Times for defamation.
Streep also said that she never personally witnessed any inappropriate behavior from him, saying, he was "respectful with me in our working relationship".
"As a supporter of women, he must support their right to speak openly about these issues of gender and power", Times spokeswoman Danielle Rhoades Ha said.
According to The Telegraph his wife Georgina Chapman, founder of the Marchesa fashion label, is standing by him "100 percent", regardless of the allegations. "Though I'm trying to do better, I know I have a long way to go", he said via the statement.
The allegation of sexual harassment uncovered by The New York Times, the allegation stretched back the decades, it came from actresses and ex-employees of the Weinstein Company and Miramax which was the previous company of Weinstein's brother.
Tesla falls short on Model 3 production
At an event highlighting the passing of the 50% complete mark, Elon Musk stated: "This is just the beginning". That was hailed as a breakthrough for the California carmaker as Tesla had never hit a launch target before.
Harvey Weinstein, considered to be one of the strongest names for Indie films, has been thrown out of his own company after recent harassment allegations.
On Monday, she tweeted that the reason few men who have worked with Weinstein have taken a stand against harassment is that "they are weak and scared".
Meryl Streep is speaking out after multiple women accused Hollywood mogul Harvey Weinstein of sexual misconduct, calling his behavior "inexcusable" and the women who have spoken out against him "heroes".
The scandal has seen Weinstein's lawyer Lisa Bloom and advisor Lanny Davis resign, along with other executives, while celebrities including Seth Rogen, Lena Dunham, Judd Apatow and Brie Larson have voiced support for his accusers.
However, Weinstein - who has been married to London-born fashion designer Georgina Rose Chapman since 2007 - did admit that his behaviour had caused "a lot of pain" and expressed remorse for his actions.