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Walt Disney to Cut 200 Studio Jobs
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Walt Disney to Cut 200 Studio Jobs
Walt Disney Co. (NYSE:DIS) will cut about 200 positions at its movie studio unit, according to a person familiar with the matter, as it reduces its focus on home entertainment distribution of DVDs, Reuters reports. The cuts, which make up just under 5 percent of its workforce, are expected to be announced internally next week, Reuters said, saying the person could not be named because the decision has not been made public. The film studio has been realigning its distribution over the last 18 months and is increasing its input of movies from Marvel and Steven Spielberg’s DreamWorks Studios.
Video Length: 40
Date Found: June 07, 2011
Date Produced: June 07, 2011
View Count: 0
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