Disney Set To Lay Off Hundreds In Interactive Unit

toy story 3 garbage incinerator Disney Set To Lay Off Hundreds In Interactive Unit

Disney / Pixar

Disney will lay off hundreds of workers in its interactive gaming unit this week, according to multiple reports 

Variety reports the cuts will come from Playdom which the Mouse House purchased in 2010 for $563 million. 

The news comes ahead Of Disney’s Q1 earnings report Wednesday.  

As a whole, Disney Interactive has nearly 3,000 employees. 

Disney’s Interactive sector has been troubled with a series of layoff in recent years. 

Last year, Disney laid off LucasArts. Disney acquired the company December 2012 from a $4 billion deal with George Lucas. 

In 2012, 50 jobs were cut from Interactive during a restructuring period. 

In November, Jimmy Pitaro took over as the president of Disney Interactive.  

As the sector has tried to gain profitability it has seen the successful launch of video game “Infinity.” The combination game and purchasable figurines brought in $16 million operating income during the end of the company’s fiscal year. 

The cuts are expected to come following Disney’s Q1 announcement Wednesday.

SEE ALSO: 


Link to this story: 

Please share with your friends!

Leave a Reply

Your email address will not be published. Required fields are marked *


*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Interesting Website