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Disney Planning Layoffs (Report)

4 views - published on April 6th, 2013 in Disney News tagged , , , ,

The Walt Disney Co. will lay off workers during a film studio and a consumer products multiplication within dual weeks in an bid to cut costs, Reuters reported late Thursday.

Disney’s LucasArts Lays Off 150 Employees

The layoffs will come essentially from a selling and home video units during a studio, with a smaller series entrance from animation, according to a report, that cited unknown sources.

The layoffs are a outcome of an inner review systematic by CEO Bob Iger, who is seeking cost-saving measures in sequence to boost profits.

The news did not contend how many jobs are threatened.

Disney also has been laying off workers during Lucasfilm given appropriation it in December. On Wednesday, it in outcome shut down LucasArts and laid off 150 people, observant a video-game developer will pierce to a chartering model.

The cost-saving measures come notwithstanding stellar financial opening as of late.

“After delivering another record year of expansion in 2012, we’re off to a plain start in mercantile 2013,” Iger pronounced in February. “Our ongoing success is driven by a long-term strategy, a strength of a brands and businesses and a high-quality family entertainment.”

As for a dual segments where layoffs are expected, consumer products saw handling income grow 11 percent in a many new quarter, though a studio gifted a 43 percent fall, with most of a decrease blamed on debility in home entertainment.

In mercantile 2012, that ran from Oct. 2, 2011, to Sept. 29, 2012, Disney shares rose 76 percent. At a company’s shareholders assembly final month, Iger even boasted of Disney batch shutting during an all-time high a prior day. “Timing is everything,” he pronounced then.

Disney did not immediately respond to ask for comment.