Business | Marvel parent Disney is expected to begin layoffs in the coming weeks as part of a planned reorganization that follows a company-wide review of operations. The film studio is believed to undergo the deepest cuts, specifically in marketing, home entertainment and production.
The news arrives a little more than five months after Disney announced its $4.05 billion purchase of Lucasfilm; earlier this week, word spread the media giant has closed LucasArts, the video-game subsidiary of Lucasfilm, and axed 150 employees. According to Variety, Disney executives told each division to ensure “that staff levels are in line with the company’s needs in a changing marketplace, particularly in divisions affected by shifts in new media and technologies.” The film division will bear the brunt of the layoffs in large part because of Disney’s increasing reliance on Pixar (purchased in 2006 for $7.4 billion), Marvel (purchased in 2009 for $4 billion) and, soon, Lucasfilm. [Variety]