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Walt Disney Co Lays Off About 150 Movie Studio Employees-Reuters

Wednesday, 10 Apr 2013 01:49pm EDT 

Reuters reported that Walt Disney Co confirmed that the company is laying off employees in its movie studio division, a cost-cutting step after a review of the unit's operations. The move is part of an ongoing review to ensure that the studios' operational structure and economics align with the demands of the current marketplace. About 150 employees, less than 5% of the studio's staff, will lose their jobs. The bulk of the cuts are in the home entertainment, marketing and technology divisions and include fewer than 10 people in the animation unit. 

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