February 3, 2014 |
Disney Interactive, the struggling video game and digital media subsidiary of the Walt Disney Co., is expected to begin a round of layoffs, according to a source with knowledge of the matter. The cuts could come as soon as this week. Disney Interactive, which lost more than $200 million a year between 2008 and 2012, is in a period of transition. The division parted ways with its Co-president John Pleasants in November, just months after the successful launch of its "Disney Infinity" video game. The Wall Street Journal, which first reported news of the layoffs, said Disney Interactive would lay off "several hundred people.
CALIFORNIA | LOCAL
July 6, 2011 |
Costa Mesa cannot lay off employees by outsourcing their jobs to private companies until the city goes through proper legal steps, an Orange County Superior Court judge ruled Tuesday. In a preliminary injunction barring the city from implementing its outsourcing plans, Judge Tam Nomoto Schumann said Costa Mesa must follow necessary steps if it plans to replace 213 employees primarily with private workers. The city issued the layoff notices in March. City officials, meanwhile, said they believed they were in compliance with the law and should be able to execute their austerity measures.
February 18, 2000 |
One week after replacing its two top executives, Internet entertainment start-up Digital Entertainment Network laid off between 50 and 60 employees, according to a company insider. The layoffs reduce the Santa Monica firm's work force by 15% to 20%. The staff reductions were aimed at controlling costs at a company that had ballooned from 60 to 300 employees in less than a year, the insider said. A DEN spokeswoman did not return a call seeking comment.
May 21, 2012 |
Google's acquisition of Motorola Mobility will close in the next two business days, according to a form filed by Motorola Mobility over the weekend. The $12.5-billion takeover, which was announced in August, cleared its final hurdle last week when the Chinese government finally gave the deal a go-ahead, albeit with a condition : Android must remain free and open for the next five years. The deal will give Google an in-house phone manufacturer as the company begins a strategy to fix Android fragmentation by making more unified Android phones and by selling phones directly to customers.
November 9, 2012 |
Citing what he perceives as an Obama administration “war on coal,” an Ohio coal mining executive and prominent Republican donor responded to the results of the presidential election by laying off more than 150 workers. Robert Murray, chief executive of Murray Energy Co., the largest privately held coal company in America, blamed the layoffs on President Obama -- and, by extension, the voters who elected him -- in a memo to employees. “The American people have made their choice,” Murray said in what he called a prayer that he delivered at a staff meeting at which he discussed the layoffs.
October 7, 2013 |
WASHINGTON -- Defense giant Lockheed Martin Corp. said Monday it would reduce its planned layoffs to 2,400, after the Pentagon recalled most of the civilian workers it had furloughed because of the partial federal government shutdown. The move came after United Technologies Corp. said Sunday it was canceling the planned layoff of 2,000 employees at its Sikorsky Aircraft Corp., because of the return of the Defense Department workers. Lockheed had announced Friday it would lay off 3,000 employees starting Monday due to the shutdown.