14 DAY TRIAL // The Walt Disney Company is getting ready for some major job cuts as part of a move to reduce costs following a company-wide review ordered by CEO Bob Iger, inside sources say for Reuters.
“The studio job cuts will center on the marketing and home video units and include a small number from the animation wing, said the sources, who spoke on condition of anonymity because the plans had not been made public,” the report says.
No one seems to know just how many jobs will be cut but, considering that Disney just recently shut down the entire LucasArts video game division, insiders estimate the change will be drastic.
The cuts will start within the next two weeks.
The plan is to reduce costs by determining which jobs have become redundant with the advance of technology.
At the same time, Disney “is also looking at redundant operations that could be eliminated following a string of major acquisitions over the past few years,” Reuters informs.
Walt Disney Co. would not comment on any of the above.