One section of the Walt Disney Co is about to layoff several hundred employees. The Disney layoffs will be made in the interactive division. This section focuses on gaming products and the Disney.com website. Reuters reported via MSN Feb. 3 that job cuts will occur after the quarterly earnings report to come out on Wednseday.
The job cuts will be aimed at Playdom, a gaming business Disney added to its vast acquisitions in 2010. The Disney layoffs will predominately be geared towards the interactive unit as the company tries to turn it around, according to the report. The unit has about 3,000 employees.
Last September Disney reported a $16 million profit for the third quarter. It was far better than the $76 million loss in 2012.
The report added that a spokesman from Walt Disney Co. did not respond to a request for comment.
In the case of these Disney layoffs, it is directed to a specific section of the empire and not a reflection of the business as a whole.