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Disney Studio Announces Lay Offs

Walt Disney Studios laid off 150 workers yesterday; a few senior executives received some of the pink slips.

Apparently the cuts didn’t impact eliminating entire departments. In addition, the lay offs won’t have implications of restructuring the studio.

As per Variety, employees working in home entertainment, production, distribution and marketing, and Disney’s theater and music business in New York City were hit the hardest.

Disney employees approximately 166,000 employees across the globe. The reduction in force represents less than five percent of the studio’s workforce across Disney, Pixar, Marvel, Lucasfilm, Disney Theatrical Productions and music divisions.

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