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Disney Interactive Lays Off 700 Employees
Filed under: DISNEY INTERACTIVE

Disney Interactive is laying off 26% of its jobs, 700 employees. The largest cuts are expected to land at their Playdom social games group, which Disney bought in 2010 for $563 million back in Facebook gaming's hayday.

“Disney Interactive has consolidated several lines of business as part of an effort to focus the division on a streamlined suite of high-quality digital products,” the company said in a statement. “As a result of this restructuring, we have undergone a reduction in workforce. These actions were difficult but necessary given our long-term strategy focused on sustainable profitability and innovation.”

In addition to games, Disney Interactive is responsible for the Disney.com website and their mobile games.

[Via]



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4 post(s)
Reader Comments
KraGeRzR Mar 06 2014, 12:11 pm EST
Nice!
irish_wolfhound Mar 06 2014, 12:12 pm EST
With the billions of dollars of PROFIT the Disney name rapes from the world every year, you'd think they wouldn't have to lay anybody off!
  Chunder: The CEO's need more 50 million dollar bonuses for ano…
Terminator: Indeed. The execs need more $$$ so they can 700 peopl…
Terminator Mar 06 2014, 03:02 pm EST
Those greedy sons of bitches....
RenegadeCZ Mar 07 2014, 01:29 am EST
Matthew, chapter 3, verse 69: Then Jesus sat down and spoke to his disciples: "Heed this warning. The gate to the Kingdom of Heaven should remain closed to those who do not understand the rules of business, for they are stupid. As I speak to you here, if you lay off thy neighbor after thy project is complete, you shall prosper, as the servant who recieved five bags of silver and made them into ten. I say to you, to those who use well what they are given, even more will be given, and they will have an abundance. But from those who do nothing, even what little they have will be taken away."
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