Disney has cuts its digital media and consumer products team by 5%, or 250 staff, as the US media giant looks to make cost savings.
The job losses come out the US and follow the merger of the interactive media and consumer products divisions at Disney last year.
The unified division has hit a sticky patch after a period in which Frozen and Star Wars products had driven strong growth, with quarterly profit down 7% in the most recent financial report.
Disney employs about 185,000 staff globally, making the number of job losses small in terms of the overall business, but the latest cuts follow similar small-scale moves at MCN business Maker Studios, and a part of the company’s video game business.
Endemol Shine Group seeks $4bn sale https://t.co/ZgZYvCYgyk
20 June 2018 @ 12:15:00 UTC