More Layoffs at Disney

Nov 2, 2018  •  Post A Comment

Disney is reportedly implementing another round of layoffs, albeit a relatively small one. Deadline reports that the move affects fewer than 20 staffers at the Disney Digital Network unit in Glendale.

“While it doesn’t affect a large number of workers, the move is the latest of several job reductions tied to reorganizations ahead of Disney’s acquisition of most of 21st Century Fox,” Deadline reports. “The Digital Network is now part of the company’s Direct to Consumer and International segment, whose formation was announced in March. DTCI is shepherding the development of high-profile projects such as the Disney-branded entertainment streaming service, which is slated to launch at the end of 2019.”

The report cites a source saying the layoffs are related to the creation of DTCI.

“The Glendale campus houses many of Disney’s digital operations,” Deadline reports. “In September, the Burbank-based entertainment giant handed out pink slips to some employees in its Consumer Products and Interactive Media group. The unit, which posted declining income and revenues in its June quarter, laid off fewer than 50 people, the threshold that would require a formal disclosure under federal law.”

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