- Associated Press - Monday, June 6, 2011

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.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide