Check it out:
http://finance.yahoo.com/news/AP-source-Disney-to-lay-off-apf-507862822.html?x=0&.v=1
AP source: Disney to lay off nearly 250 at studio
Disney to lay off 250 at studio, largest cut since closure of Zemeckis unit, AP source says
tweet20EmailPrint..Companies:Walt Disney Co..Related Quotes
Symbol Price Change
DIS 39.35 0.00
{"s" : "dis","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Ryan Nakashima, AP Business Writer, On Monday June 6, 2011, 5:48 pm EDT
LOS ANGELES (AP) -- A person familiar with the matter says The Walt Disney Co. is preparing to lay off under 5 percent of the employees at its studio, or up to about 250 people, next week.
Most of the people work in home video distribution, which was merged with the theatrical distribution division late last year, the person said.
DVD sales have been plunging industrywide and the studio is looking to cut costs.
The person was not authorized to speak publicly since the affected employees won't be told until next week.
The layoffs are the largest since last year, when Disney shut a Robert Zemeckis-run motion-capture facility in the San Francisco area last year and let go about 450 people.
http://finance.yahoo.com/news/AP-source-Disney-to-lay-off-apf-507862822.html?x=0&.v=1
AP source: Disney to lay off nearly 250 at studio
Disney to lay off 250 at studio, largest cut since closure of Zemeckis unit, AP source says
tweet20EmailPrint..Companies:Walt Disney Co..Related Quotes
Symbol Price Change
DIS 39.35 0.00
{"s" : "dis","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Ryan Nakashima, AP Business Writer, On Monday June 6, 2011, 5:48 pm EDT
LOS ANGELES (AP) -- A person familiar with the matter says The Walt Disney Co. is preparing to lay off under 5 percent of the employees at its studio, or up to about 250 people, next week.
Most of the people work in home video distribution, which was merged with the theatrical distribution division late last year, the person said.
DVD sales have been plunging industrywide and the studio is looking to cut costs.
The person was not authorized to speak publicly since the affected employees won't be told until next week.
The layoffs are the largest since last year, when Disney shut a Robert Zemeckis-run motion-capture facility in the San Francisco area last year and let go about 450 people.
I am sad to see this happen to anyone, but even Disney isn't immune to the bad economy. The sales at the parks are reported to be down too, so this was not unexpected.:: so much for the improving economy, where it's improving I've yet to see. :::brick::brick:
