Posts tagged ‘job cutting’

Disney Interactive to cut about 700 jobs

Disney Interactive, the struggling video game and digital media subsidiary of Walt Disney Co., is cutting roughly 700 jobs worldwide, the company said Thursday. The division is closing offices in Chicago, New Jersey, Colorado, South Korea and Hyderabad, India. The layoffs represent about 26% of the division’s workforce. Disney Interactive said in a statement that it “has consolidated several lines of business as part of an effort to focus the division on a streamlined suite of high quality digital products. “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.”

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Continue Reading March 9, 2014 at 6:57 am


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