Disney cuts jobs in video game reboot

Disney is swinging the axe at its gaming arm, cutting a substantial number of positions as it transitions from being a packaged goods company to a player in the growing digital videogame space.

Disney declined to give the number of people affected, but Mouse House insiders said as many as half of Disney Interactive Studios’ 700 staffers may have been cut.

Read more at Daily Variety

Massive layoffs at Disney’s gaming arm

Disney is swinging the ax at Disney Interactive Studios, cutting hundreds of positions, sources have told Variety.

Disney declined to give a number of people affected, but speaking off the record, people who were affected by the move said it could be as much as half of Disney Interactive Studios. Several vice presidents and directors were among those cut. (Variety has been unable to verify the exact count.)

Read more at Variety’s Technotainment blog

Disney Lays Off as Much as Half of Video Game Staff

Walt Disney on Monday laid off a significant portion of its gaming studio employees, sources familiar with the situation have told CNBC.

The company declined to comment on the layoffs or disclose how many people were affected by the move, but some insiders said the number could be nearly half of the 700-person division.

Read more at CNBC.com