Disney Interactive lays off 700

Disney’s disney-interactive-layoffsoft-troubled video game and internet division is laying off approximately 25% of its workforce.

Disney Interactive announced plans to cut 700 jobs on Thursday. The move comes as part of yet another restructuring, which will (once again) shift its focus to mobile games.

Game output at the division will be cut in half as a result of the moves.

Read more at Yahoo! Games

More cuts coming at Disney Interactive

When Disney Interactive Studios laid off hundreds of workers last month, insiders warned that the cost cutting wasn’t over. Now the executives overseeing that division have confirmed that.

Cco-president John Pleasants and James Pitaro, speaking at an investors conference this week, said they plan to reduce operating costs by another 25 percent before they’re through cutting. They did not detail how they plan to do that, but most workers feel like the axe is still hovering over their heads.

Read more at Variety’s Technotainment blog