87.4 F
San Fernando
Saturday, Sep 23, 2023

Report: Layoffs Coming to Disney

Walt Disney Co. is planning layoffs in its studio and consumer product divisions, according to a report from Reuters. Citing two sources with knowledge of the staffing cuts, Reuters said the studio jobs to be eliminated are in the marketing, home video and animation units. The cuts in consumer products would result from attrition, the wires service said. The Burbank media and entertainment conglomerate began last year looking at ways to eliminate redundant operations and reduce staff that can be replaced by technology, according to the report. The news comes a day after Disney announced the closing of its LucasArts video game division in San Francisco, which will result in the loss of more than 100 jobs. Disney acquired the game division in October as part of its $4 billion purchase of LucasFilms and its “Star Wars” franchise from director and producer George Lucas. Shares gained 11 cents, or a fraction of 1 percent, to close at $57.70 on the New York Stock Exchange.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

Featured Articles

Related Articles