Disney Looking at Layoffs
Internal Review Underway
Published: 01/08/2013 01:44am
The Walt Disney Company is in the midst of an internal cost-cutting review that may lead to layoffs, according to Reuters. The review is targeting jobs that are being eliminated by technology and redundancies that may have resulted from Disney’s run of acquisitions, according to the report. Disney acquired Lucasfilm this year (see "Disney Acquires Lucasfilm"), Marvel in 2009 (see "Disney Buys Marvel"), and Pixar in 2006 (see "Disney Buys Pixar").
The studio and online game division area the most likely to be hit by job cuts, Reuters’ sources said. Changes in the company’s travel policy and a hiring freeze, rather than cuts, are also being considered.