Disney Consumer Products and Interactive Media cuts 250 jobs - Licensing.biz

Disney Consumer Products and Interactive Media cuts 250 jobs

Announced on Wednesday, September 14th, the cuts follow the studio’s shock closure of its Disney Infinity arm earlier this year resulting in 300 job losses.
Author:
Publish date:
Disney logoo.png

The Walt Disney Company has axed a further 250 jobs, this time from its recently combined consumer products and digital division.

The layoffs amount to five per cent of the staff at the segment known as Disney Consumer Products and Interactive Media.

Announced on Wednesday, September 14th, the cuts follow the studio’s shock closure of its Disney Infinity arm earlier this year resulting in 300 job losses.

More recently, 30 people were laid off at its Maker Studios division, a branch responsible for its output of digital videos.

According to The Hollywood Reporter, many of the layoffs occurred in Bellevue, Washington, where a studio that was supporting Marvel: Avenger’s Alliance, a mobiule game franchise was shut down.

Further layoffs were at the firm’s consumer products division in California and occurred as a result of redundancies caused by Disney combining the segment with its interactive assets last year.

Reports suggest that Disney Consumer Products and Interactive Media saw a one per cent year on year decline in revenue and a seven per cent decline in operating income.

The move therefore comes as the company takes steps to boost its financial performance within the sector.

Related

Featured Jobs