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Walt Disney Co to Begin Layoffs In Studio, Consumer Products-Reuters


Thursday, 4 Apr 2013 09:00pm EDT 

Reuters reported that Walt Disney Co expects to begin layoffs at its studio and consumer product divisions within the next two weeks, in the latest cost-reduction step to emerge from a Company wide review. The studio job cuts will center on the marketing and home video units and include a small number from the animation wing. It is unknown how many jobs will be lost at either division. On April 3, Disney began layoffs at the 30-year-old LucasArts games studio it inherited with the acquisition of George Lucas' film company last year, as it focuses on licensing its 'Star Wars' brand externally. 

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