Quantcast
Channel: Business Insider
Viewing all articles
Browse latest Browse all 70894

Disney Set To Lay Off Hundreds In Interactive Unit

$
0
0

toy story 3 garbage incinerator

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 150 staff members from Lucasfilm's video game division 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: Everything you need to know about the return of "24" to Fox

Join the conversation about this story »


Viewing all articles
Browse latest Browse all 70894

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>